Dear Member,
One of client customer dienied the 132000 to pay against sale made to him by my client can he write of full amount against difaulter as bad debt and can adjust full amount whatever will done please suggest me
Thanks in Advance
1 Replies
CA Raj Doshi
(Practising CA)
(8924 Points)
Replied 26 September 2016
You can write off as bad debt. Deduction allowed under business income u/s 36 (1)(vii) of Income Tax Act
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