Zeet Ltd. engaged in manufacturing of cement also had wind mills to generate power. Entire power generated by it was used by its wholly owned subsidiary Zoom Ltd. The amount received for the said power supply was ₹7 cror
CS Executive · Tax Laws and Practice · PYQS · June 2016
Zeet Ltd. engaged in manufacturing of cement also had wind mills to generate power. Entire power generated by it was used by its wholly owned subsidiary Zoom Ltd. The amount received for the said power supply was ₹7 crore. Zeet Ltd. disclosed total income of ₹10 crore for the assessment year 2016-17. The due date for filing return of income by Zeet Ltd. is —
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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