Sameer sold goods worth ₹50,000 at credit on 1st April, 2011. However, he has written off ₹10,000 of it as bad debts and claimed deduction for the same during the year 2013-14. On 4th April, 2014, the defaulting debtor m
CS Executive · Tax Laws and Practice · PYQS · June 2015
Sameer sold goods worth ₹50,000 at credit on 1st April, 2011. However, he has written off ₹10,000 of it as bad debts and claimed deduction for the same during the year 2013-14. On 4th April, 2014, the defaulting debtor made payment of ₹45,000. The taxable amount of bad debts recovered for the year 2014-15 would be
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax
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