answersLogoWhite

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.

User Avatar

Wiki User

16y ago

What else can I help you with?

Related Questions

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 is development allowance reserve?

A development allowance reserve is a financial provision set aside by a company or organization to fund future development projects or initiatives. This reserve is typically allocated from profits or budget surpluses and is intended to cover costs related to research, innovation, or infrastructure improvements. By establishing such a reserve, entities can ensure they have the necessary resources to support growth and adapt to changing market demands.


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 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.


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.


Why did the Federal Reserve increase interest rates?

The Federal Reserve increased interest rates to control inflation and encourage saving and investment.


Why did the Federal Reserve raise interest rates?

The Federal Reserve raised interest rates to control inflation and encourage saving and investment.


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!


What does semi-reserve mean?

Semi-reserve refers to a system where a portion of funds or resources is set aside to meet certain obligations, but not all assets are held in reserve. This approach allows for a balance between maintaining liquidity and utilizing funds for investment or operational purposes. It is often used in financial contexts, such as banking or investment management, to optimize returns while ensuring enough reserves to cover potential liabilities.


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: