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Writting off foreign debt

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(Querist)
02 September 2013 can anyone tell me what are the conditions and consequences of writting off of foreign debts?
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
03 September 2013 You shousd have proof that u tried via legal way to recover debts but couldnt recover it.
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
03 September 2013 There are specific guidelines of RBI for the same . also the Indian company should have brought the non payment issue on timely basis to RBI, only then the write off is permitted.

Anuj
femaquery@gmail.com
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