whats section is write off
Kasim Ansari (5 Points)
10 July 2019
whtas sec. is write off irrecoverable amount
2 Replies
V. NAVEEN KUMAR SICASA
(193 Points)
Replied 10 July 2019
It is covered u/s 36(2) of the income tax act
Suresh Thiyagarajan
(Student)
(3986 Points)
Replied 10 July 2019
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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