Shares / bad debt / writeoff in pl or capital a/c
Sanjay (Director) (154 Points)
29 May 2012Sanjay (Director) (154 Points)
29 May 2012
Dhawal Mohnot
(Practicing)
(449 Points)
Replied 29 May 2012
yes you can write off your investment to P&L... there is no benchmark procedure for this purpose. Investments having no value can be written off provided sufficient proof is available to substantiate this claim.
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