Does provision for doubtful debts

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1359 Points Posted on 03 February 2022
does provision for doubtful debts taxable ??
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On 03 February 2022 at 14:02 Report
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Quick Summary
This discussion clarifies whether provisions for doubtful debts are subject to tax. The consensus is that while the provision itself isn't taxed, it acts as an expense that reduces taxable profit, thereby offering a tax deduction. The key distinction is that only income is taxed, not expenses.

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CFO- at NHTF
58280 Points Posted on 03 February 2022
Provision will be considered as an exp & it reduces the tax.Only incomes taxable and not expenses
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On 03 February 2022 at 14:38
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1359 Points Posted on 10 February 2022
I am asking about tax deduction !
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On 10 February 2022 at 21:59
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My grammar is 💯 good I
7306 Points Posted on 13 February 2022

You already got the tax duduction because pbt being reduced. 

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On 13 February 2022 at 08:02

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