Sameer sold goods worth ₹ 50,000 at credit on 1st April, 2018. However, he has written off X 10,000 of it as bad debts and claimed deduction for the same during the year 2018-19, On 4th April, 2019, the defaulting debtor made payment of ₹ 45,000. The taxable amount of bad debts recovered for the year 2019-2020 would beta)
A. ₹ 5,000
B. ₹ 50,000
C. ₹ 45,000
D. ₹ 10,000
Answer:A
Sameer sold goods worth ₹ 50,000 at credit on 1st April, 2018. However, he has written off X 10,000 of it as bad debts and claimed deduction for the same during the year 2018-19, On 4th April, 2019, the defaulting debtor made payment of ₹ 45,000. The taxable amount of bad debts recovered for the year 2019-2020 would beta)
A. ₹ 5,000 B. ₹ 50,000 C. ₹ 45,000 D. ₹ 10,000