Raju succeeded to the business of his father Ramu consequent to demise of Ramu on 1-2-2017. Raju recovered ₹ 30,000 due from a customer which was written off by late Ramu as bad debt and allowed in the assessment year 20
CS Executive · Tax Laws and Practice · PYQS · June 2017
Raju succeeded to the business of his father Ramu consequent to demise of Ramu on 1-2-2017. Raju recovered ₹ 30,000 due from a customer which was written off by late Ramu as bad debt and allowed in the assessment year 2013-14. The amount recovered is :
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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