Welcome to Monday Corner, an initiative from Tax Publishers…
Monday Corner is specially designed to reward the intellectuals like you:
- We will send a Brainteaser on every Monday through email to your inbox and
- You need to send your answer in revert with reasoning by Wednesday at quiz.taxpub@gmail.com
The most suitable reply will be uploaded on our website (www.taxpublishers.in) in Monday Corner along with the photo/credentials of the winner of the week. If, per chance, winner happens to be more than one, the result will be drawn by lottery.
The winner would receive any one of the following books as free gift...
Quiz for the week (21 Jul 2025) :
Rakesh has a vacant land measuring 3000 sq.ft in a prominent location. He got a business proposal from his long-time friend Jay who wants to run a hotel. Jay has given 3 proposals to Rakesh. They are (1) lease the vacant land to Jay who may construct a building either alone or in partnership with others and pay lease rent of Rs.3 lakhs per month to Rakesh;(2) admit Rakesh also as a partner and pay 10% of daily sales as compensation or not make Rakesh a partner but pay the same amount without any monthly fixed rent; (3) advance interest-free loan to Rakesh of Rs.1 crore for putting up a construction of hotel building and adjust 5% towards recovery of loan and pay only the balance to Rakesh based on sales. Which of the proposals could be tax efficient from their perspective?
Share your thoughts on the above on or before 28th July, 2025