Q598
A Ltd has a wholly owned subsidiary in Sri Lanka and it extends corporate guarantee to the said non-resident subsidiary. If the amount guaranteed is Rs. 95 crore, the assessing officer has to accept the guarantee fee declared by A Ltd for financial year 2018-19, if the guarantee fee declares is
A.
Rs. 47.50 lakh
B.
Rs. 90 lakh
C.
Rs. 95 lakh
AnswerD.
Either A or B
Answer: Option C
Solution
Answer: Option C
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