. . Whether S. 115JB Is Applicable If Amount Is Directly Credited To Capital Reserve Account? – Tax Questions and Answers

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Whether S. 115JB Is Applicable If Amount Is Directly Credited To Capital Reserve Account?

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One response to “Whether S. 115JB Is Applicable If Amount Is Directly Credited To Capital Reserve Account?”

  1. Deepak Nagori Avatar
    Deepak Nagori

    Sir,

    Very nice article. Could you suggest if waiver of loan (for capital assets) can be directly credited to capital reserve to avoid being part of book profit u/s 115JB?

    Regards

    CA Deepak Nagori

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