Bed Debts w/off
This query is : Resolved
MANOJ CHOUDHARY
(Querist)
14 April 2009
Dear Experts
Is it required for bed debts w/off more then 3 year old
Dear Experts
Is it required for bed debts w/off more then 3 year old
14 April 2009
No if you can proof the varacity of Receipt of payment
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.
15 April 2009
In case any debt is not recoverable then it can be w/off at any time as a bad debt.
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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