Tough to swallow: Carry forward of losses for merger and amalgamations curtailed in new budget

Feb 2, 2025 - 03:00
Tough to swallow: Carry forward of losses for merger and amalgamations curtailed in new budget

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A significant Budget amendment will limit the period for carrying forward losses to the residuary period post-amalgamation from April 1, 2025. This change may affect M&A plans, with some areas needing clarification. However, efforts to expedite merger approvals bring some optimism.

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