I am a bit confused on this and have a few questions.
1.) Is the fund added in Additional Reserve Fund part of equity or not? (I think it is)
2.) Is the fund they are using next year going out of equity??
3.) What are the tax implications of this method? I see Indiabulls is paying tax according to its profits. When they use Additional Reserve Fund, are they taking tax breaks there?
4.) Are they paying extra tax to show profits? (which are not even present). Then it would be extremely wrong.
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