Pgbp
This query is : Resolved
25 June 2015
can i pass provision for bad debts entry for any amount or is there any condition to provide for provision for bad debts?
26 June 2015
Dear Provision can be made of any amount of bad debt.
As the provisions are not allowed as deduction under income tax, only actual bad debts are allowed.
As the provisions are not allowed as deduction under income tax, only actual bad debts are allowed.
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