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Settlement of unrecovered advance from employees

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(Querist)
01 April 2024 Dear All
Can we settle or treat 'unrecovered old advance from employees' as a normal revenue expenses ?
Income tax act will allow this type of expenses for tax computation or not ?

Regards

S Mallick
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 April 2024 Yes, it's allowed as normal revenue expenses under income tax.

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