The net profit as per P & L A/c of ZARA Ltd., domestic company for the year ended 31st March, 2022 is ₹210 lakh, it includes ₹15 lakh as dividend from subsidiary company and Profit on sale of land ₹18 lakh. The book
CS Executive · Tax Laws · PYQS · December 2022
The net profit as per P & L A/c of ZARA Ltd., domestic company for the year ended 31st March, 2022 is ₹210 lakh, it includes ₹15 lakh as dividend from subsidiary company and Profit on sale of land ₹18 lakh. The book profit u/s 115JB of ZARA Ltd. for assessment year 2022-23 would be:
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Income Tax Act, 1961
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