Bad & doubtful debts provision

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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.
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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


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