Sir,
in books of account Dr. Balance of two debtors Rs. 14550/- its pending from years Can we show Under PNL a count bed debtors or adjust with Capital account.
please advise
you need to transfer the bad debts to the P&L account.
See, There is no query on write off. But you need to establish that it is a bad debt. If the amounts are large and your case is picked for assessment, AO may want to see the evidence for efforts made to recover the money.
Now, in your case, amounts are small, so I do not expect an AO to focus on it.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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