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development rebate reServe

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(Querist)
10 December 2016 what is development rebate reserve, purpose for cration of such reserve and provisions applicable thereon??? please guide me about same
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CA Suresh Jain

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CA Suresh Jain (Expert)
11 December 2016 It is a reserve created out of the development rebate granted under provisions of Income Tax.
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snehil Agrawal

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snehil Agrawal (Querist)
11 December 2016 ok, thanks a lot!!
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