Dear All,
I have written off a balance of sundry creditors amounting to Rs. 10,00,000/- in books of accounts.
Whether this will be covered u/s 41(1) or provision of section 115 BBE will be applied in the above case?
Thanks,
Ramesh Purbia
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Writing off of sundry creditors
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we want to pay Rs.181000/- to the party since 04 years but now decide that write off this party so how to pass jv ?
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