IndigoLearn

Forums

Statutory reserves

What are the tax benefits of creating statutory reserves?


Rithani R.C

Rithani R.C

CA Inter

2K+

01-Apr-21 17:21

13

Answers (2)

Which reserve are you referring to?


sudha reddy

sudha reddy

Moderator

02-Apr-21 15:02

One can claim deduction only if the reserve is created as per the conditions specified in that particular section. Eg: 36(1)(viii)


sudha reddy

sudha reddy

Moderator

02-Apr-21 15:03

Byte Size Modules
IL Pass percentages
Quote
Tally Free
Hiring
Refer
EMI
Lazypay
Past_Exams