Fully solved IPCC taxation paper Nov 2011
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varun agarwal
(nil)
(233 Points)
Replied 18 November 2011
hi rahul...
i think your 4 one is wrong......
according to me...capital base will be 48480000,reasonable return.......6293600
Dhiman
(Student.)
(30 Points)
Replied 19 November 2011
@ Varun Agarwal
I think you have wrongly included Debtors in the Average Current Assets figure which is a contravention of the provisions of Electricity Supply Act as applicable in the calculation of capital base.
Rahul
(Chartered Accountnat CS)
(1580 Points)
Replied 20 November 2011
Soory for inconvinience due to wrong posting of the answer
CAclubindia
