A lady named Divya received Rs 3,00,000 in May, 2017 towards recovery of unrealised rent, which was deducted from actual rent during the P.Y. 2015-16 for determining annual value. Legal expense incurred in relation to unrealized rent is Rs 30,000. What is the amount taxable under section 25A?? Will legal expenses shall be allowed as deduction??
Dec. 15, 2017