Quiz for the week (22 Jun 2026) :
Son Ltd, Mumbai a family concern has huge reserves and surplus. It however, feels its present line of business has limited potential and is not interested in further expansion. It wants to explore a new line of business. One proposal came up for establishing a warehouse to preserve vegetables and store food grains since it has identified a vacant land nearer to the markets of Sangli and Nizamabad. It wants to establish either a 100% subsidiary company or declare dividend so that shareholders can promote and incorporate an entity. Discuss the course of action as regards the tax incentive if any and how to commence business.
Share your thoughts on or before 29.06.2026.