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Income tax audit

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(Querist)
27 August 2020 sir one of our client (company) has outstanding debtors more than 3 years can we write off this debtors in current year and also import creditors is outsatnding more than three year than what we do in current financial year
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
27 August 2020 Yes, write off the debtors and take it to other income of unpaid creditors.

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