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Section 36(1)(viii) - Transfer to Special Reserve

Income Tax - Profit and Gains of Business or Profession - 41 - SEC - 36(1)(viii): TRANSFER TO SPECIAL RESERVE ELIGIBLE ASSESSEE Deduction u/s 36(1)(viii) is available to the following- Financial Corporation specified in section 4A of companies Act (I .....

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. Any other Financial corporation including a public company engaged in the business of providing long term finance for development of infrastructure facility in India. Banking Company including co-operative banks engaged in the business of providing .....

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uring the previous year to the special reserve account created for the purpose of section 36(1)(viii) OR 20% of the profits derived from the business activities mentioned above, which is computed under section 28 to 44D but before claiming deduction .....

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