Section B (2 Mark)
An assessee was allowed deduction of unrealized rent to the extent of Rs. 40,000 in the past although the total unrealized rent was Rs. 60,000. He is able to recover from the tenant Rs.45,000 during the previous year on account of such unrealized rent.
He shall be liable to tax to the extent of:
A . Rs. 45,000
B . Nil
C . Rs. 25,000
D . Rs. 35,000
Answer: C
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