(9)
"reasonable return" means-
|
in
respect of any year of account, the sum of the following.
|
(a)
the amount found by applying the stanclaid rate to the capital base at the
end of that year;
|
|
1[(b) the income
derived from investments other than thox included in the capital base
under the provisions of clause (d) of sub-paragraph (1)
|
|
(c) an amount equal to
one-half of one per centum on any loans advanced by the Board
2
|
|
3[(c-]) an amount
equal to one-half of one per centum on the amounts borrowed from organisations
or institutions approved by the State Government;
|
|
(c-2) an amount equal to
one-half of one per centum on the amounts realised by the issue of debentures;]
|
|
4[(d) an amount
equal to one-half of one per centum on the accumulations in the Development
Reserve created under para. graph VA of this Schedulej
|
|
3[(e) such other
amount as may be allowed by the Central. Government, having regard to
the prevailing tax structure in the country.]
|
5[(10)
"standaid rate" in respect of any year of account me;ins-
|
|
(a) in relation to that
part of tile capital base for that year of account which is equivalent
to the capital base. as on the 31st day of March, 1955, seven Per centum
per annum;
|
|
(b) in relation to the
remaining part of the capital base for that year, the Reserve Bank rate
ruling at the beginning of that year, plus two per centum:
|
|
Provided that the Central
Government may, by notification in the Official Gazette, and with effect
froni such date as may be specified therein.increase or decrease the standerd
rate specified in clause (b), if, after con-sultation with the Authority,
that Government considers it necessary soto do to ensure that any rise
or fall in the Reserve Bank rate does not affectthe reasonable return
in any subsequent year of account in relation to thatpart of the capital
base which is eqtiivalent to the capital base as computed on the last
date of the previous year of account.]
|
(11)
"Written down cost" means-
|
|
original cost less
the amounts set aside or written off on account of depreciation in the
books of the undertaking.
|
