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Bad debts

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2013 Dear Members,

I have a Proprietorship Concern two year before I sold my product one customer now he is ab-scant the sale value is 2,60,000/- it will not come now how can I write off in Bad Debts kindly give me a good explanation or reference file
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srinivas reddy

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srinivas reddy (Expert)
13 April 2013 According to income tax act 1961 u will write
of it.
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Querist : Anonymous

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Querist : Anonymous (Querist)
13 April 2013 I can Write off the Whole amount
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