I have attached the question and my calculated answer as two separate images.
Is that way correct? If so, Why isn't it calculated that way?
Raja Raman
CA Inter
★ 0
23-Feb-21 15:54
360
Answers (1)
30% tax is on income 3% brokerage is on the total fund. You combined which leads to an incorrect answer
10% x ( 1-0.3) this is correct - 7% is return on total capital
3% is also on total capital and not on the return
So it should be 7% - 3% and not 7% X ( 1-3%)