Bad Debts
This query is : Resolved
29 January 2010
whats the age period after which debtors can be created.the section is also aplly to individual rite????
29 January 2010
There is no restriction as to Period after which bad debt can be created.If the Money cant be received after reasonable efforts bad debts can be created. For More detail refer to Section 37(vii) of Income tax Act.
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