Baddebts
This query is : Resolved
Sunil Kumar Jha
(Querist)
15 January 2010
Wheather baddebts recover is taxable in the hands of successor
15 January 2010
If bad debts has been allowed as deduction earlier then yes it will be taxable on recovery
CMA Ramesh Krishnan
(Expert)
15 January 2010
If it is allowed previuosly as deduction then it is taxable otherwise No
CA Ravi Sisodia
(Expert)
15 January 2010
Agree with both the Experts
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