Mr. Shukla received ₹ 80,000 as recovery of unrealised rent in the previous year 2020-21. How much amount will be taxable considering the provisions of Section 25A(1) and 25A(2).
A. ₹ 80,000
B. ₹ 56,000
C. ₹ 24,000
D. Fully exempt
Answer:B
Mr. Shukla received ₹ 80,000 as recovery of unrealised rent in the previous year 2020-21. How much amount will be taxable considering the provisions of Section 25A(1) and 25A(2).
A. ₹ 80,000 B. ₹ 56,000 C. ₹ 24,000 D. Fully exempt