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 ?
CA PARAS BAFNA
(Expert)
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
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