provision no longer required written back

This query is : Resolved

Praveen Nigam (Querist)
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13 February 2009 Provision was made against doubtful debtors. Subsequently payment was received from debtors. As such provision earlier made has to be written bakc. Whether such write back can be shown under the head income or not. What should be the correct way of presentation.

Pankaj

Pankaj (Expert)
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15 February 2009 In financial accounts, you can show the reversal of excess provision as other income.

for income tax purposes, this will not be taken as income