Bad & doubtful debts provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2011
In the Year 07-08 provision for doubtful debts is made added the provision to profit in computation of income,but when in the 09-10 provision is actually transferred to bad debts it is not reduced from computation what is the remedy now ?
07 August 2011
Bad Debts not claimed in AY 2010-11.
---------------------------------------
If amount involved is not significant, do not revise the return.
Otherwise Revise the return if it is filed on or before the due date.
Keep ready the necessary evidences for producing before the IT Authorities.
---------------------------------------
If amount involved is not significant, do not revise the return.
Otherwise Revise the return if it is filed on or before the due date.
Keep ready the necessary evidences for producing before the IT Authorities.
08 August 2011
Hi,
I agree with Mr.Paras Bafna
I agree with Mr.Paras Bafna
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GSTR-1A How to update Invoice
- Excess salary payment.
- Capital gain from sale of house property
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- Annual return in Gst
- Value of property in capital gain
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
