Ranjan, the promoter of Real Infinity, had sought your help for the preparation of the financial statements on the basis of the information set out below. He had to also pay a tax of 25% on the profit if it exceeds Rs 5,00,000. Real Infinity - Eternity in every bite Real Infinity was a multi-cuisine A/C family restaurant located in Greater Noida, close to Delhi. It was started and operated as a partnership between Rashmi Ranian Parida and Hemant Semanati. Both friends from Bar s Shift +Command+A to unmute your chool old the SPACE key to temporarily unmute. abroad in cremaity, tie seventh indigest county in curope, parents and so after staying in Europe for five years, he decided to leave his lucrative job and return home. Hemant, on the other hand, after completing his engineering degree in 2012, continued his MBA from a business school in Greater Noida. As a part of the campus recruitment process, he got an offer from a multinational company to work in its plant located in the same city. He worked in the automobile industry for about 2-3 years till he reunited with Ranjan in 2017. Greater Noida was fast emerging as a metro center in the national capital region to decongest Delhi and provide a quality urban environment for the burgeoning middle-class of Indians with aspirations for a higher quality of life. The integrated township was shaping up as one of India's smartest cities boasting all modern amenities and superior town planning. Of late, Greater Noida had attracted a lot of interest from major corporate houses to set shop in the city. In November 2016, Patanjali Ayurveda announced that it would be investing Rs. 20 billion in greenfield investment in Greater Noida. The project had been approved by the state cabinet. A clutch of mobile manufacturers too had shown similar interest, for instance, Taiwan Electrical and Electronics Manufacturers' Association had committed to develop a 210-acre greenfield electronic manufacturing cluster in Greater Noida with an investment of US$200 million. Many major auto companies too had their presence in the city and at least two dozen education and training institutes had opened up by the year 2017. Both Hemant and Ranjan were foodies and so one of their favourite past times was to explore various restaurants and eateries in the city. Given the large-scale development that Greater Noida was witnessing they wanted to explore the possibility to set up their restaurant and catering business. The city had numerous B-Schools and corporate offices presenting enough opportunity for them to find their target audience. They could also cater to various events such as birthday parties and corporate events, and offer home delivery services