PCC bank accounts

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CA Final ICWA Final & M.B.A
742 Points Joined November 2010

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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On 16 August 2011 at 12:51 Report
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Nangia & Co.
1981 Points Joined July 2011

25% Transfer to SRR

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On 16 August 2011 at 13:07
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CA Final Student
2298 Points Joined November 2010

25%.....

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On 16 August 2011 at 13:09
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CA Final
54 Points Joined September 2010

25% of profits should be transferred to SRR

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On 16 August 2011 at 19:13
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.
1843 Points Joined July 2009

Yes it is 25 %

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On 16 August 2011 at 20:34
Guest

yes....25%

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On 16 August 2011 at 20:35
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MBA
1112 Points Joined July 2011

It is 25%..

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On 16 August 2011 at 21:27
Guest

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

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On 16 August 2011 at 22:02
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CA-FINAL
4094 Points Joined January 2011

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

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On 17 August 2011 at 10:46
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CA
38 Points Joined December 2009

Yes 25% of profit  transferred to reserves

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On 20 August 2011 at 16:23


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