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Commerce · Q577

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 577

Q577

Two enterprises shall be deemed to be associated enterprises if, at any time during the previous year, a loan advanced by one enterprise to the other enterprise constitutes not less than of the book value of the total assets of the other enterprise.

A.
15%
B.
51%
Answer
C.
26%
D.
10%

Answer: Option B

Solution

Answer: Option B
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