Income tax audit
This query is : Resolved
27 August 2020
sir one of our client (company) has outstanding debtors more than 3 years can we write off this debtors in current year and also import creditors is outsatnding more than three year than what we do in current financial year
27 August 2020
Yes, write off the debtors and take it to other income of unpaid creditors.
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