Quiz for the week (12 Jan 2026) :
Big Ltd, Delhi is engaged in software development. The Board of Directors plan to acquire software wing of Soft Ltd and Hard Ltd who have yet another business viz trade in hardware and e-commerce operator respectively with 20% business and asset mix. Both Soft Ltd and Hard Ltd have huge brought forward business loss and unabsorbed depreciation. Big Ltd wants to avail the benefit of claiming set off of business loss and unabsorbed depreciation of Soft Ltd and Hard Ltd to the extent permissible in law.
Share your thoughts on the above on or before 19th January, 2026.