PSUs to be allowed to carry forward losses accumulated prior to divestment: CBDT

This will make disinvestment deals of ailing PSUs more attractive for strategic investors. Under normal tax provisions without this relaxation, past losses of a company are not allowed to be set off, if there is change in majority shareholding of a company (i.e. 51 per cent).

from Economy-News-Economic Times https://ift.tt/3leZn5b
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