Section 2(1B) → Section 2(6)
Definition of Amalgamation
Quick Answer
Section 2(1B) of the Income Tax Act, 1961 (Definition of Amalgamation) corresponds to Section 2(6) of the Direct Tax Code 2025 (Income-tax Act, 2025), effective 1st April 2026. Status: Retained.
Sec 2(1B)
Provision Summary
Defines the merger of one or more companies with another company, subject to conditions like transfer of all assets/liabilities and 3/4th shareholders.
Sec 2(6)
Provision Summary
Retained. Alignment with the Companies Act, 2013 maintained.
Key Changes & Highlights
- No major changes. Crucial for M&A tax neutrality.
Related Sections
Frequently Asked Questions
What does Section 2(1B) of the Income Tax Act 1961 deal with?
Section 2(1B) (Definition of Amalgamation) Defines the merger of one or more companies with another company, subject to conditions like transfer of all assets/liabilities and 3/4th shareholders.
What is the new section number for Section 2(1B) under the Direct Tax Code 2025?
Section 2(1B) of the ITA 1961 maps to Section 2(6) of the Direct Tax Code 2025 (Income-tax Act, 2025), effective from 1st April 2026.
What is the status of Section 2(1B) under the new tax code?
Section 2(1B) is marked as "Retained" with status "Active". Impact: High - Foundational for corporate restructuring.
What are the key changes to Section 2(1B) under DTC 2025?
No major changes. Crucial for M&A tax neutrality.
Disclaimer: This page is for educational and reference purposes only. Section mappings are based on publicly available drafts and circulars. Always consult a qualified Chartered Accountant before filing or making compliance decisions under the Direct Tax Code 2025.
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