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anamika vardhan

anamika vardhan

CA Inter

885

02-Aug-20 11:47

13

Banking companies

What is the percentage of profit to be transferred to statutory reserve 20% or 25% ??

Answers (3)

sundesh kumar

sundesh kumar

CA Inter

3K+

02-Aug-20 22:11

25%

anamika vardhan

anamika vardhan

CA Inter

885

07-Aug-20 18:39

sundesh kumar

sundesh kumar

CA Inter

3K+

02-Aug-20 22:11


25%

But in the study material for November 2020 it is given that 20%

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Lavanya Chitturi

Lavanya Chitturi

Moderator

08-Aug-20 14:07

The percentages relevant for the exams would be as per the amendments applicable for the concerned exam the student writes. It is 20%