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what is maximum bad Debts we can show in balance sheet in a year...
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Bad Debts Provision
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Bad debt provisions are regulated in income tax act under the head profits and gains from business and Profession.
Whatever you want but you have essential proofs to justify the amount of bad debts
Yes there is no limit if you have valid proofs
WHAT DO YOU MEAN BY LIMITS?
Show? what does that mean? you should disclose your actual baddebts. I am not able to understand what does this question actually mean?
I think you are asking about the amount of provision for bad debts an entity can make.
There is no limit. It is just an estimate based on past data.
However, the entity cannot claim it as deductible expense under income tax.
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