Bad debts
Querist : Anonymous
One of my debtors has not paid my bill amount Rs. 91256/- plz tell me can income tax department insist him to pay my bill amount or not because i have trf this amount in bad debts...
Regard
Nishant jain
income tax never insist the person to pay you the money.
You can take legal actions against him on your own.
Querist : Anonymous
YES YOU ARE RIGHT.
ITS A LOSS TO INCOME TAX TOO BUT A MUCH BIG LOSS TO YOU.
YOU SHOULD TAKE LEGAL ACTION AGAINST THAT PERSON.
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