22 September 2018
Dear Sir, I would like ask question regarding Bad debts, Debtors are outstanding from last 3 year can we transfer to Bad Debts in Profit & loss A/c. We are sure that this amount will not come in future. So please give me advise and compliances in Income tax.
23 September 2018
@ Mr B Chackrapani Warrier Sir.,
I have one more doubt about the said query...
When we write off the non-receipt of Payments from Debtors...?
Any time limit to transfer PandL account as Bad debts...?
Please give Your solution...
CAclubindia
