{"id":8578,"date":"2013-01-30T08:41:14","date_gmt":"2013-01-30T08:41:14","guid":{"rendered":"http:\/\/vskills.in\/certification\/tutorial\/?p=8578"},"modified":"2024-04-12T14:14:22","modified_gmt":"2024-04-12T08:44:22","slug":"indian-income-tax-act-1961","status":"publish","type":"page","link":"https:\/\/www.vskills.in\/certification\/tutorial\/indian-income-tax-act-1961\/","title":{"rendered":"Indian Income Tax Act, 1961"},"content":{"rendered":"\n<p><strong>Indian Income Tax Act, 1961<\/strong><\/p>\n\n\n<p>\u00a0<\/p>\n<p>Mergers have not been defined under the ITA, but have been covered under the term \u201camalgamation\u201d in section 2(1B) of the Act. To promote restructuring, mergers and de mergers have been given a special treatment under this Act.<\/p>\n<p>Certain provisions that are applicable to mergers under section 2(1B) are as follows<\/p>\n<ul>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">All properties and liabilities of the acquired company become the properties and liabilities of the acquirer company.<\/span><\/li>\n<li><span style=\"line-height: 1.714285714; font-size: 1rem;\">Shareholders holding 75% or more of shares in the acquired company become shareholders in the acquirer company.<\/span><\/li>\n<\/ul>\n<div class=\"apply\">\n<h3>Apply for Merger and Acquisition Certification Now!!<\/h3>\n<p><a href=\"http:\/\/www.vskills.in\/certification\/Certified-Merger-and-Acquisition-Analyst\">http:\/\/www.vskills.in\/certification\/Certified-Merger-and-Acquisition-Analyst<\/a><\/p>\n<\/div>\n\n\n<p><a href=\"https:\/\/www.vskills.in\/certification\/tutorial\/merger-and-acquisition-analyst\/\" target=\"_blank\" rel=\"noreferrer noopener\">Go back to tutorial<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian Income Tax Act, 1961 \u00a0 Mergers have not been defined under the ITA, but have been covered under the term \u201camalgamation\u201d in section 2(1B) of the Act. To promote restructuring, mergers and de mergers have been given a special treatment under this Act. Certain provisions that are applicable to mergers under section 2(1B) are&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"categories":[3196],"tags":[3072,3237,4878,3198,3197,4879,6840,6718,3195],"class_list":["post-8578","page","type-page","status-publish","hentry","category-merger-and-acquisition","tag-3072","tag-indian-income-tax-act","tag-indian-income-tax-act-1961","tag-ma-analyst","tag-ma-analyst-certification","tag-meaning-of-indian-income-tax-act-1961","tag-merger-and-acquisition","tag-merger-and-acquisition-analyst","tag-merger-and-acquisition-analyst-certification"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Indian Income Tax Act, 1961 - Tutorial<\/title>\n<meta name=\"description\" content=\"Indian Income Tax Act\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vskills.in\/certification\/tutorial\/indian-income-tax-act-1961\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Indian Income Tax Act, 1961 - 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