banner_ad

General reserve

This query is : Resolved 
Profile Image

Profile Image

(Querist)
29 July 2013 I just want to know that why we transfer profit from P&L a/c to general reserve As the both are free reserve??
Profile Image

Anbuselvam

Profile Image

Anbuselvam (Expert)
30 July 2013 -To reduce Income tax
-general reserves are saved to offset potential future losses.
Profile Image

Kumar

Profile Image

Kumar (Expert)
30 July 2013 To the extent transfer is for dividend distribution it makes sense. But for that both are free
Profile Image

anshul rampuria

Profile Image

anshul rampuria (Querist)
30 July 2013 Mr. Anbuselvam how can income tax be saved by transferring profit to general reserve??
Profile Image

Rupesh Jain

Profile Image

Rupesh Jain (Expert)
31 July 2013 tfr to general reserve no way to save of tax
profit tfr in general reserve after payment of tax not before the tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details