Yes sure, if the debtor is still standing in the accounts then you can book it as bad debt and claim the same as expense while filing Income Tax Return.
Pass the entry with the amount
Bad debts written off ( Indirect Expenditure) Dr.
To Debtors
u can only claim bad debt if the same was taken in calculation of income in previous year...so u cant claim BD expense
I have already told that we have considered the same as income inlast year, why cant we declare them as bad debt expense.???
yes you can claim it as bad debts as u have already claimed it as an income and paid tax on it
if u have taken that income in last years return...u can definitely claim bad debt
You can take as Bad Debts
this is not a question of Accounting, rather an income tax query related to non-existent debtor...
sale was recorded in 14-15 and he paid income tax on the income....now he realises the sale was non-existent....which can be claimed as bad debt
If you have taken income in last year you can show as bad debts, but make sure that at the time of showing bad debts in return you have to mention Pan no.....
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