Unsecured loan write off is taxable
This query is : Resolved
15 March 2020
I borrowed some money and put into business now I am not reCeiving the money back but to whom i borrowed the money cannot wait so I am paying 40 % of the amount borrowed and offer for settlement they also agree but how to write off the remaining amount
or the remaining amount write off will be taxable
or the remaining amount write off will be taxable
15 March 2020
if a company goes for settlement how it settled the remaining amount
15 March 2020
if a company goes for settlement how it settled the remaining amount
Read more at: https://www.caclubindia.com/experts/unsecured-loan-write-off-is-taxable-2787439.asp
Read more at: https://www.caclubindia.com/experts/unsecured-loan-write-off-is-taxable-2787439.asp
15 March 2020
big companies when settled amount they pay tax to renaining amount if they write off or either they do not write off the amount
16 March 2020
Taxable unless that was for buying a capital asset .
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