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Writing off loans in books

This query is : Resolved 

02 December 2021 Sir,
A it person un secured loans writing off in books reason interest expense not claimed.but writing off sundry creditors and debtors balance net amount on tax pay or bad debts treatment in it act.

02 December 2021 Unsecured loan and creditors write off will be considered as other income.
Write off of bad debts allowed under income tax.



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