Bad debts
This query is : Resolved
26 December 2014
Hello sir, can anybody please tell me about bad debts claim. when should I book bad debts in my books.
thanks
27 December 2014
yes you can book bad debts in you books
as per section 36(1)(vii) for claiming bad debts deduction you need to be establish bad debts only showing that these balance are result from earlier income shown under PGBP and now bad debts entries are posted in debtor ledger.
as per section 36(1)(vii) for claiming bad debts deduction you need to be establish bad debts only showing that these balance are result from earlier income shown under PGBP and now bad debts entries are posted in debtor ledger.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- TDS U/S. 194NF
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- RCM INVOICING FROM NOV-2024
- Should I report my US salary for January, February, March in Schedule FA?
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
