Mr. Vikram took a loan of 6,00,000 carrying interest @ 10% p.a. on 1st August, 2023 to purchase raw material. He purchased 4000 units of raw…

Mr. Vikram took a loan of 6,00,000 carrying interest @ 10% p.a. on 1st August, 2023 to purchase raw material. He purchased 4000 units of raw material @ 125 per unit. Replacement cost of raw material as on 31 March, 2024 is 100 per unit. Labour charges and variable overheads incurred are - 1,00,000 to produce 1000 units of finished goods. 1000 units of Finished goods are produced with raw material (for every unit of finished goods produced, 2 units of raw material are required). Net realizable value of finished good is 300 per unit. All the finished goods produced are lying in stock as on 31 March, 2024. There is no opening stock of raw material and finished goods. Mr. Vikram used 1500 units of raw material to construct an Asset (Qualifying Asset). Labour and other overhead charges incurred on construction of asset are - 90,000. Mr. Vikram also paid - 15,000 to install the asset at Factory premises. Mr. Vikram used Balance of loan proceeds of 1,00,000 to invest in Equity Shares of P. Ltd. He purchased 9,000 Equity shares (Face Value 10 each) for 1,00,000 on 25th March, 2024. The P. Ltd declared and paid dividend @ 20% on 30th March for the year 2023-24. Based on the information given in above Case Scenario, answer the following Question No. 1-4: