10:36 07 Aug 25
Info Report Check
Submission incomplete:
1: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
In particular, to explain how it has validated the tax calculation as it is not clear: i) how the income tax rate of 33.99% was validated, considering that the validation report page 35 indicates income tax rate of 30%; ii) how MAT was applied in the tax calculation; iii) how it considered "Deduction Under 80IA"; and iv) how the "Net Tax" was accounted in the cashflow, especially in the first three years for which the taxable profit is negative.
2: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE shall clearly indicate the dates of publication for the reference used for the risk free rate of return.
1: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
In particular, to explain how it has validated the tax calculation as it is not clear: i) how the income tax rate of 33.99% was validated, considering that the validation report page 35 indicates income tax rate of 30%; ii) how MAT was applied in the tax calculation; iii) how it considered "Deduction Under 80IA"; and iv) how the "Net Tax" was accounted in the cashflow, especially in the first three years for which the taxable profit is negative.
2: The DOE is requested to provide information on how it has validated the suitability of the benchmark as per VVM v 1.2 paragraph 114 (b).
In particular, the DOE shall clearly indicate the dates of publication for the reference used for the risk free rate of return.
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