A Limited, an Indian company listed on the National Stock Exchange, is engaged in various businesses. Its tourism business sells holiday packages to…

A Limited, an Indian company listed on the National Stock Exchange, is engaged in various businesses. Its tourism business sells holiday packages to customers. The company negotiates upfront with the Airlines for purchase of tickets for a particular date and resells those tickets to customers. A Limited bears the loss for any unsold tickets. A Limited also assists the customers in resolving grievances with the services provided by the airlines. However, each airline is responsible for fulfilling obligations associated with the ticket including remedies to a customer for dissatisfaction with the service. A Limited has been awarded a contract to construct a hospital for a fixed price of ₹ 400 lakhs. Transactions related to the contract include: Purchase of Building Material-₹ 160 lakhs Material lying unused at site-₹60 lakhs Labour charges - ₹ 120 lakhs Equipment used for 3 years for the contract. Original cost of the equipment is ₹ 200 lakhs. Expected useful life is 15 years. It is estimated that further costs of ₹ 160 lakhs would be incurred to complete the contract. A Limited acquired 10% stake in B Limited on 1 st April, 2024 for ₹ 2,00,000 and further 15% stake on 1 st October, 2024 for ₹3,10,000. The Net assets of B Limited stood at ₹ 17,00,000 and ₹20,00,000 on 1 st April, 2024 and 1 st October, 2024 respectively. On 1 st January, 2025, A Limited created an interest-free loan of ₹25,00,000 to B Limited. Based on the information given in the above case scenario, answer the following Questions Nos. 5-8: