Bad debts provision
This query is : Resolved
23 May 2016
sir
Our company decided to charge Rs 10,000 as bad debts provision per month .total sales during the year 150 lakhs. If there is any problem for charging 1,20,000 as bad debts .
Kindly advise
Thanks
Binu
Our company decided to charge Rs 10,000 as bad debts provision per month .total sales during the year 150 lakhs. If there is any problem for charging 1,20,000 as bad debts .
Kindly advise
Thanks
Binu
Rupesh Jain
(Expert)
23 May 2016
you can make prov of bad debts. but under income tax act this is not allowed on basis on prov. this will disallowed.
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