Sarthak Gupta 21 September 2019
Suppose a NBFC Company have debited in P&L, bad debts written off of Rs. 100 and provision for bad and doubtful debts of Rs. 40. It's GTI is Rs. 500.
My question is what amount will be available for deduction u/s 36(1)(vii) and 36(1)(viia) of Income tax Act?
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