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Bad debt written off

Indian Accounting Standards 237 views 1 replies

Dear Member,

One of client customer dienied the 132000 to pay against sale made to him by my client can he write of full amount against difaulter as bad debt and can adjust full amount whatever will done please suggest me

Thanks in Advance

Replies (1)
You can write off as bad debt. Deduction allowed under business income u/s 36 (1)(vii) of Income Tax Act


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