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John Moffat.
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Sharmaarke
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Hi sir, In question Tippletine Co M/J-18 the examiner calculated the tax relief lost on subsidy benefit but in Question Robson Co of M/J-21 the examiner did not calculate any tax relief lost on subsidized loan so why is that? when are we supposed to calculate tax relief lost of subsidized loan and when we should not?
John Moffat
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It has the same end result.
In Robson instead of taking the tax relief at normal interest rates and then separately dealing with the relief lost because the subsidy was at a lower rate, the examiner has just calculated the net of the two. Again you can show it either way and the net result is the same.
Sharmaarke
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