V received ₹ 1,80,000 in May, 2023 towards recovery of unrealized rent, which was deducted from actual rent during the P.Y. 2021-22 for determining annual value. Legal expense incurred in relation to unrealized rent is ₹
CS Executive · Tax Laws · PYQS · June 2024
V received ₹ 1,80,000 in May, 2023 towards recovery of unrealized rent, which was deducted from actual rent during the P.Y. 2021-22 for determining annual value. Legal expense incurred in relation to unrealized rent is ₹ 40,000. The amount taxable under section 25A for A.Y. 2024-25 would be :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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