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Capital reserve

(Querist) 06 June 2012 This query is : Resolved 
Dear Sir

What percentage of after tax profits be transferred to Capital Reserve.

Please Guide

Regards
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Guest (Expert) 06 June 2012
Depends upon depreciation and life expectancy and the nature of the existing assets. CAs of your company can better guide you.
Bhalnish Desai (Querist) 06 June 2012
Thank you very much sir.

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