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Prov Bad & Doubtful Debts in ITR in P&L, not in B/s


1.In Balance sheet as per Company Act 2013, it is shown directly in Surplus column, thus no connection with Profit and Loss a/c i.e. not a part of P &L a/c.
EQUITY AND LIABILITIES
1 SHAREHOLDERS FUNDS
(a) SHARE CAPITAL
(b) RESERVES AND SURPLUS

2. In ITR it is shown AT point 48 Provision for bad and doubtful debts, making a part of P &L a/c., there is other point at 59 Appropriations sub point v Any other appropriation, in our last year balance sheet it was shown at this point 59(v) to match it with Balance sheet as per company Act 2013.
So please guide whether it should be shown at point 48 Provision for bad and doubtful debts (specially given or say it has not been changed in ITR, in spite of change in proforma of Balance sheet as per companies act 2013) or it could be shown at point 59(v), and it will not be amount to give inaccurate information or concealment of facts.



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