Treatment of bad advance given to suppleir
This query is : Resolved
19 March 2015
dear members kindly let me know in which section the bad advance given to supplier will be written off
20 March 2015
Always advances face all risks. when advances not properly accounted by a man taking advance such advance is indeed a bad advance.
if the AO issues a notice that only gives a clue how AO treats is known that way you can handle the concerned AO as all AOs do not follow same path, is it not .. so handle them exclusively.
if the AO issues a notice that only gives a clue how AO treats is known that way you can handle the concerned AO as all AOs do not follow same path, is it not .. so handle them exclusively.
20 March 2015
IT WILL BE ALLOWED UNDER SECTION 37(1) OF THE INCOME TAX ACT.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- GST Rate for Catering Services
- RATE AND HSN CODE
- ITR 4 and Bank transactions
- Bank details not Visible on Traces Portal
- Taxability of Partnership firm for FY 2025-26
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
