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whats section is write off
whtas sec. is write off irrecoverable amount
Replies (2)
It is covered u/s 36(2) of the income tax act
1. Sec 36(2) deals with bad debts written off. This section helps the assessee to claim deductions if the amount has become irrecoverable during the year.
2. However, there are certain basic conditions attached to it which needs to be satisfied for claiming bad debts written off as a deduction.
Please correct me if the above solution has an alternative view.
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