0
It is the rebate given to the assessees in respect of new machinery and plant under certain conditions viz.,
1. Ownership
2. Wholly used in the business.
The reserve created for this purpose is called investment allowance reserve.
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
What are free reserves under companies act 1956?
investment allowance reserve, capital reserve received in cash, security premium received in cash,capital redemption reserve,
Can investment depreciation reserve be considered as free reserve to compute as tier you or tier ii capital?
Investment deportation reserve not considered as free reserve
Where is the head office of the investment firm First Reserve?
The main office of investment firm 'First Reserve' is located in Greenwich Connecticut in the United States. First Reserve was founded in the year 1984.
What are the example of Revenues?
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
What does a bank get in return for its investment in the Federal Reserve System?
In return for its investment, however, a member bank receives a 6 percent annual dividend and the right to vote in elections of directors of its Reserve Bank.
What are the examples of revenue reserves?
Revenue reserve is created out of revenue Profit . It is created out of Revenue Profit for exaple General Reserve, Dividend equalization reserve, Investment fluctuation reserve etc.
Can you still get a house as a army reserve?
Get a house...as in receive housing allowance or live on base? No...but you can use your VA to get a home loan!
Who issues negotiable certificates?
Approved Commercial or Investment Bank issued Negotiable Instruments of Deposit (NID).
What is the baggage allowance for Malaysian Airlines?
Usually 20kg but baggage allowances change with time , class, route and aircraft type. Your allowance is stated when you reserve, consult the airline or travel agent. Below is the on-line link:
Why commercial banks buy treasury bills?
With the extra funds they may have they choose a very safe investment that will atleast give them some return on their reserve.
What are the differences between capital reserves and revenue reserves?
capital reserve is a type of account on a company's balance sheet that is reserved for longterm capital investment projects or any other large expenses that will be incurred in the future. capital reserve is a type of account on a company's balance sheet that is reserved for longterm capital investment projects or any other large expenses that will be incurred in the future.
Is a reserve soldier on ucmj orders entitled to bah?
A reserve soldier on UCMJ orders (such as active duty for training or mobilization) is typically entitled to Basic Allowance for Housing (BAH) if they meet the eligibility criteria. BAH is a non-taxable allowance provided to military members to offset housing costs when government quarters are not available. However, specific entitlements and requirements may vary based on individual circumstances and military regulations. It is advisable to consult the military finance office or a legal representative for accurate information.
