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Write-off the unsecured loan

This query is : Resolved 
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(Querist)
17 August 2016 Hi,

please tell me the consequences of writing off the unsecured loan from the accounts in any F.Y.

Thanks
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 August 2016 you can do so.... it may be offerred as INCOME of the year in which such "write off????" is done
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