Partnership

Accountancy

Will investment allowance reserve be distributed among the partners?

Nidhi S

CA Inter

★ 4K+

14-May-23 03:17

560

Answers (2)

Best Answer

No, investment allowance reserve is typically not distributed among partners. This type of reserve created by business entity to avail tax benefit Right now i may get this that tax benefits So consider investment allowance reserve is a some part of profit kept aside and it can't be distributed

Balachandar S

CA Inter

★ 59K+

14-May-23 04:20

It will be distributed at retirement, death or dissolution

CA Suraj Lakhotia

Admin

14-May-23 10:18