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Bed Debts w/off

This query is : Resolved 
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(Querist)
14 April 2009
Dear Experts

Is it required for bed debts w/off more then 3 year old
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CA CS CIMA Prakash Somani

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CA CS CIMA Prakash Somani (Expert)
14 April 2009 No if you can proof the varacity of Receipt of payment
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
14 April 2009 You can write off as Bad Debts after giving a reasonable time for recovery and also you should prove to the department the steps taken by you to recover the amounts and after due deligence and based on the documents for follow up you can wrtie it off as Bad Debts.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
15 April 2009 In case any debt is not recoverable then it can be w/off at any time as a bad debt.
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
21 April 2009 In case any debt is not recoverable then it can be w/off at any time as a bad debt.
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