A company makes a provision for bad debts in the first year. Accordingly, while computing Book profit u/s 115JB, it add backs the amount of provision to the net profit.
In the second year, the provision made earlier actually becomes a bad debt. What will be the impact while computing book profit u/s 115JB in the second year?
For the 2nd Year whatever amount of provision we had reversed, shall we deduct it while computing Book profit?
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