Priti (age 61) a Chartered Accountant retired from SCG & Co. (a partnership firm) on 31-3-2018. As per the deed of retirement, she is eligible for a sum of ₹20,000 every month in consideration for not practicing the
CS Executive · Tax Laws and Practice · PYQS · December 2019
Priti (age 61) a Chartered Accountant retired from SCG & Co. (a partnership firm) on 31-3-2018. As per the deed of retirement, she is eligible for a sum of ₹20,000 every month in consideration for not practicing the profession of chartered accountancy for the next 5 years. The receipts is:
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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