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
CA PARAS BAFNA
(Expert)
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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