Writing off of doubtful debts provided
This query is : Resolved
11 February 2013
Is there any RBI guidelines issued for writing off of Doubtful debts??
Is it necessary that the company needs permission of RBI for writing off its doubtful debts for which already provision is made?
Is there any limit till which such permission need not be sought for?
Is it necessary that the company needs permission of RBI for writing off its doubtful debts for which already provision is made?
Is there any limit till which such permission need not be sought for?
Nikhil Kaushik
(Expert)
11 February 2013
Dear Vidya,
RBI permission is required if you are writing of export receivables.
You need to take permission from RBI through your authorized dealer.
RBI permission is required if you are writing of export receivables.
You need to take permission from RBI through your authorized dealer.
CA Suraj Lakhotia
(Expert)
11 February 2013
After the reply, answer removed.
11 February 2013
Is there any automatic route wherein you need not thepermission
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