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Statutory reserves

Direct Taxation

What are the tax benefits of creating statutory reserves?

Rithani R.C

CA Inter

★ 4K+

01-Apr-21 17:21

338

Answers (2)

Which reserve are you referring to?

Sudha Reddy

CA Final

★ 20K+

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

CA Final

★ 20K+

02-Apr-21 15:03

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