Bad debts from parties

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 March 2016 Dear Sir,

Whether bad debts is allowable expenditure under income tax purpose ???

Regards,
Sachin

PRADEEP KUMAR VATS (Expert)
Follow

16 March 2016 Yes, Subject to section 36(2), Bad debts are allowable under section 36(1)(vii).

Regards
Pradeep Kumar

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

view all classess