Bad debts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2016
Dear sir
One of my debtors has not paid my bill amount Rs. 91256/- plz tell me can income tax department insist him to pay my bill amount or not because i have trf this amount in bad debts...
Regard
Nishant jain
One of my debtors has not paid my bill amount Rs. 91256/- plz tell me can income tax department insist him to pay my bill amount or not because i have trf this amount in bad debts...
Regard
Nishant jain
26 March 2016
Dear
income tax never insist the person to pay you the money.
You can take legal actions against him on your own.
income tax never insist the person to pay you the money.
You can take legal actions against him on your own.
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 March 2016
Sir if income tax never insist to pay the amount then it will be the loss of income tax... because in my case my dentor has not paid the bill amount therefore i have trf that amount in bad debts which is deductable under income tax. Hence it would be loss of income tax also...
26 March 2016
DEAR
YES YOU ARE RIGHT.
ITS A LOSS TO INCOME TAX TOO BUT A MUCH BIG LOSS TO YOU.
YOU SHOULD TAKE LEGAL ACTION AGAINST THAT PERSON.
YES YOU ARE RIGHT.
ITS A LOSS TO INCOME TAX TOO BUT A MUCH BIG LOSS TO YOU.
YOU SHOULD TAKE LEGAL ACTION AGAINST THAT PERSON.
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