Allowable for bad debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 June 2013
Dear Sir,
Please inform me for Last 5 years Sundry Debtor are transfer in Bad debts are allowable me income tax ya dis allowable of computation of income for Proprietary
Please inform me for Last 5 years Sundry Debtor are transfer in Bad debts are allowable me income tax ya dis allowable of computation of income for Proprietary
28 June 2013
Transfer the balance of Debtor's A/c to Bad Debts A/c. It will be allowable.
.
More ever, the reason that why you have decided to write off the debt in this year only and why not earlier or later.
.
For that, the efforts made in getting realised the amount may also be observed and if required, can be produced.
.
.
More ever, the reason that why you have decided to write off the debt in this year only and why not earlier or later.
.
For that, the efforts made in getting realised the amount may also be observed and if required, can be produced.
.
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