Witryna28 lis 2024 · Transfer of MAT credit in case of amalgamations & demergers. Minimum Alternate Tax (“ MAT “) is a tax levied on a company under Section 115JB of the Income-tax Act, 1961 (“ IT Act “) if the amount of income-tax payable under the general provisions of the IT Act is less than 15% [1] of its ‘book profits’ (i.e. the profit as shown in ... Witryna22 kwi 2024 · Reduction of capital demerger. You can also demerge by reducing the share capital of the parent company and transferring a trading business to new …
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Witryna10 mar 2024 · A demerger can be of two types. 1. Spin-off. When a new company is created from an existing one and both companies are independent after the demerger, it is called a spin-off. 2. Split-up. When an existing company is split into two or more companies and all the companies are independent after the demerger, it is called a … Witryna20 lis 2024 · This may lead to a loss of reputation. Inflexibility – By working at over capacity it means that the business has no room in order to increase output further with their current factors of production. As a result of this, they are likely to be unable to meet any new or unexpected orders. how get financial help
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Witryna9 kwi 2024 · Section 2 (1B) of Income Tax Act defines ‘amalgamation’ as merger of one or more companies with another company or merger of two or more companies to from one company in such a manner that. (I) All the property of the amalgamating company or companies immediately before the amalgamation becomes the property of the … Witryna26 lut 2024 · In case of Demerger, the demerged company exists so there is no implication as above. Significance of Labour Law The scheme must provide for transfer of employees. The scheme must provide that due to the scheme, rights of employees of Transferor Company will not be adversely affected. Witryna24 sie 2024 · Demerger is a process of reorganizing a corporate structure whereby the capital stock of a division or a subsidiary of a corporation or of a newly affiliated company is transferred to the stock holders of the percent corporation without an exchange of any part of the stock of the latter. how get florida drivers license