The tax relief under section 72A will be avail if the amalgamation is between ________
A)Sole Proprietor
B)Companies
C)Partnership Firm
D)All of the above

Question

Quizplus · Accepted Answer

The tax relief under section 72A of the Income Tax Act is specifically available in the case of amalgamation between companies. This provision does not apply to sole proprietorships or partnership firms.

The Tax Relief Under Section 72A Will Be Avail If