Mr. Ramesh engaged in the business of growing and manufacturing tea in India received ₹ 2 lakhs from Tea Board towards replacement of tea bushes destroyed by forest fire. The amount received from Tea Board by Mr. Ramesh
CS Executive · Tax Laws and Practice · PYQS · June 2017
Mr. Ramesh engaged in the business of growing and manufacturing tea in India received ₹ 2 lakhs from Tea Board towards replacement of tea bushes destroyed by forest fire. The amount received from Tea Board by Mr. Ramesh is :
Answer & Explanation:
Correct Answer: Option (B)
Official answer key: (B).
Topics: Income Tax
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