Past losses of PSUs under strategic divestment can be set off: CBDT

The change in income tax law has been made in a bid to make strategic divestment of PSUs more attractive, said experts, since normally such a set-off is not permitted. The relaxation will be available, only till the strategic investor retains at least 51% in the PSU after take over.

from Economy-News-Economic Times https://ift.tt/2XdCkjo
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