https://www.taxtmi.com/manuals?id=1120 A deduction is available for transfers to a special reserve by specified financial entities engaged in eligible long-term financing activities, including industrial, agricultural, housing, and infrastructure development. The allowance is limited to actual transfer to the reserve, 20% of eligible business profits, and an overall ceiling linked to paid-up share capital and general reserves. Long-term finance requires repayment over not less than five years. Amounts withdrawn from the reserve are taxable as business income, and the note also outlines the deferred tax treatment of reserve and deduction differences. en-us Tue, 15 Sep 2015 11:01:00 +0530 Mon, 27 Apr 2026 18:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1120 A deduction is available for transfers to a special reserve by specified financial entities engaged in eligible long-term financing activities, including industrial, agricultural, housing, and infrastructure development. The allowance is limited to actual transfer to the reserve, 20% of eligible business profits, and an overall ceiling linked to paid-up share capital and general reserves. Long-term finance requires repayment over not less than five years. Amounts withdrawn from the reserve are taxable as business income, and the note also outlines the deferred tax treatment of reserve and deduction differences. Manuals Income Tax Tue, 15 Sep 2015 11:01:00 +0530 https://www.taxtmi.com/manuals?id=1120