CSR - Corporate social responsibility- Bad Debt treatment
This query is : Resolved
24 September 2021
There is provision existing for bad debt in previous year and this year actual bad debt happens and adjusted it with provision for bad debt of previous year. My question is whether I can deduct the actual bad debt amount in the current year for CSR PROFIT calculation?
25 September 2021
Yes, you can deduct actual bad debt in the current year CSR profit.
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