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 (17 Mar 2025) :
Dr. Tiwari a famous cardiologist returned to India in April, 2022 after remaining in the USA for about 20 years. He initially thought of joining a corporate hospital but later decided to start his own in Jaipur. He availed a bank loan of Rs.8 crores and contributed Rs.12 crores from his own sources to establish a 120 bed multi-speciality hospital. The cost of land was Rs.5 crore; the hospital building construction cost Rs.10 crore and hospital equipments were acquired for Rs. 3 crore. The balance was kept for working capital purposes. The hospital became operational w.e.f. 1st May, 2024. Gross collections for the FY 2024-25 amounted to Rs.25 crores and net cash income (before depreciation) after deducting all business expenses was Rs.7 crores. Advise income-tax incentives, if any, for the assessment year 2025-26.
Kindly mail your answers on or before 24th March, 2025.