BAD DEBTS
This query is : Resolved
ANAND U PATANKAR
(Querist)
19 January 2009
Whether Bad Debts written off from the books for Income Tax affects the legal action taken against the concerned debtors.
Thanks in advance
CA Anand U Patankar
Thanks in advance
CA Anand U Patankar
CA.ViVeK M ACA
(Expert)
19 January 2009
bad debt written off means you are forgone the receivable, so, for the legal point of view also it has the same , it is in valid
ANAND U PATANKAR
(Querist)
19 January 2009
Thanks for the reply
CA Anand U PAtankar
CA Anand U PAtankar
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