alleryStart learning →In an amalgamation, the 115BAB option remains valid in which company?
AThe amalgamated company only
BThe amalgamating company only
CBoth of the companies
DNeither of the companies
Answer & Solution
Correct answer: A. The amalgamated company only
The Explanation clarifies that the option stays valid in the amalgamated company only, if the conditions continue to be satisfied.
Keep practising Special Tax Regimes for Companies
Browse all Special Tax Regimes for Companies questions for CA Final, or explore more Taxation topics.
Related questions
What do tax havens do, in the context of tax avoidance?Bilateral double taxation treaties aim to avoid what outcome?A General Anti-Avoidance Rule is aimed at which behaviour?Tax avoidance differs from tax evasion in that avoidance is what?Which companies can opt for section 115BAA?From which assessment year does section 115BAA apply?Under 115BAA, how is loss from barred deductions treated later?What depreciation can a 115BAA company not claim under section 32?