English, asked by srushtipanchal2812, 6 months ago

investment allowance reserve is a

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Answered by ridahussain86

3

Investment allowance reserve is deleted long back from the Income Tax Act. When preference shares are redeemed, CRR is created to the extent of the share capital redeemed out of the accumulated P&L reserves. ... This ensures that the dividend is paid at a steady rate to the investors.

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