A Ltd. enters into a 3-year contract to provide 1,000 hours of standard call center operator time per annum for 6,00,000 (₹ 2,00,000 per year); the…

A Ltd. enters into a 3-year contract to provide 1,000 hours of standard call center operator time per annum for 6,00,000 (₹ 2,00,000 per year); the stand-alone selling price at inception. At the end of the 1st Year, the contract is extended for another three years @6,60,000 as follows: (i) in accordance with the contractual provisions the fee for the 1st year is reduced by - 90,000 because of highly defective service; and (ii) the contract is extended for another 3 years for 7,50,000 (₹ 2,50,000 per year); when the stand-alone selling price is 2,30,000. Further, Government G has significant influence over L Ltd. L Ltd. has significant influence over A Ltd. and controls K Ltd. All the entities have transactions with each other. On the basis of the facts given above, choose the most appropriate answer to Questions 6 to 10 below based on the relevant Ind AS.