Bad Debts & Provisions of Bad Debts

Member (Account Deleted) Guest , Last updated: 31 October 2012  
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Bad debts are such debts which are not recoverable. Doubtful debts are such debts which are suspected to be recovered. As per judgment of TRF Limited vs. CIT (Supreme Court). Bad debts need not be proven to be irrecoverable u/s 36(1)(vii). It is sufficient if they are written off. As

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