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Provision for bad debt

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(Querist)
08 May 2012 dear expert!
kindly tell me whether the provision for bad debt is add back in income in case of income tax assessment?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
08 May 2012 yes it is added back to income as provision is not an allowable expenditure.

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