PCC bank accounts

Sravanthi (CA Final ICWA Final & M.B.A) (742 Points)

16 August 2011

Hai Friends,

I have a small doubt in Bank Accounts. What Percentage (%) of Profit should transfer to Statutory Reserve?

Thanks in Advance

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9 Replies

Kanhaiya (Nangia & Co.) (1981 Points)
Replied 16 August 2011

25% Transfer to SRR

ROHIT CHATURVEDI (CA Final Student ) (2298 Points)
Replied 16 August 2011

25%.....

Dinesh (CA Final) (54 Points)
Replied 16 August 2011

25% of profits should be transferred to SRR

Ashwani Narnoli (.) (1843 Points)
Replied 16 August 2011

Yes it is 25 %

(Guest)

yes....25%

madinashabana11 (MBA) (1112 Points)
Replied 16 August 2011

It is 25%..

(Guest)

YES,obligatory for a banking company to transfer 25% profit to statutory reserves

Mukesh Kumar Singh (CA-FINAL) (4094 Points)
Replied 17 August 2011

agreed with all of my friends...............

Y.R.Purushothama Reddy (CA) (38 Points)
Replied 20 August 2011

Yes 25% of profit transferred to reserves

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