What was the inventory answer in mcq
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Filhal 11 th me hu aage 12th ke bad kya karna hoga ?
May 2, 2024
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April 29, 2024
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Components of a computer system computer
April 29, 2024
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Should I take BB sir's regular DT for Nov 24 or exam oriented batch is fine?
April 15, 2024
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Had anybody given AICITSS (Advanced ITT) exam recently? What kind of questions are asked? Are there any useful material available for this ?
April 11, 2024
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What will be the due date for payment in case of invoice with immediate payment term? Whether it will be goods receipt date or invoice issue date?
April 4, 2024
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Should Bus fees of Rs 2500/month charged from a student by Rosemary college providing education as a part of a curriculum for obtaining a qualification recognised by Indian law be taxable or exempt under gst ??
March 29, 2024
Views: 851
Answers: 1
On 1.4.2023, UI Ltd., an Indian company, borrowed Rs. 50 crores@ 9.5% p.a. from M Inc., a US entity, thereby increasing its total borrowings to Rs. 65 crores. The said loan is guaranteed by H Inc., another US entity. The place of effective management of both M Inc. and H Inc. is in the USA. The total assets of UI Ltd. is Rs. 180 crores. UI Ltd. imported turbo equipment worth Rs. 30 crores from H Inc. Import duty of Rs. 4.50 crores on the same was paid by UI Ltd. The equipment was sold to T Ltd. for Rs. 40 crores. Normal GP margin of UI Ltd. in similar uncontrolled transaction is 20%. Net profit of UI Ltd. of A.Y.2024-25 was Rs. 8 crores after debiting interest of Rs. 6 crores (out of which Rs. 1.25 crores interest pertaining to local borrowings), depreciation of Rs. 2.5 crores and income tax of Rs. 1.5 crores. 3. If UI Ltd. repatriated the excess money on 31.03.2025, what will be the interest income that would be added to its total income of A.Y.2025-26, if SBI’s one-year marginal of lending rate is 11.25% on 1.4.2024 and 10.25% on 1.4.2025? Assume that UI Ltd. suo motu made the primary adjustment in its books of account and filed its return for A.Y.2024-25 on 30.11.2024. (a) Rs. 12,08,333 (b) Rs. 11,18,836 (c) Rs. 9,32,363 (d) Rs. 8,49,486 If anyone know the answer pls upload
March 24, 2024
Views: 847
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