write off
This query is : Resolved
arvind gupta
(Querist)
12 July 2011
sir
i want to know what is the maximum amount to write off & can write off be written back, Is write off is indirect income indirect income is taxable. next finanical year write off is written back. this is taxable or not
i want to know what is the maximum amount to write off & can write off be written back, Is write off is indirect income indirect income is taxable. next finanical year write off is written back. this is taxable or not
16 May 2012
1. If debtors are written off, then it amounts to bad debts which is an expense.
2. If creditors are written off, then it is an income.
2. If creditors are written off, then it is an income.
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