Extracts
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 ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X . 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 ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X 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 ..... X X X X X X X Extract - Part text only Click here to Access Full Contents X X X X X X X
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