Bad Debts Provision
Amit (Accounts ) (526 Points)
03 June 2022what is maximum bad Debts we can show in balance sheet in a year...
sabyasachi mukherjee
(27270 Points)
Replied 03 June 2022
CA Rashmi Gandhi
(Chartered Accountant)
(86308 Points)
Replied 03 June 2022
CA Aakarsh Jain
(CA)
(10427 Points)
Replied 03 June 2022
CA Ganesh Agarwala
(Audit Senior Manager)
(239 Points)
Replied 08 January 2023
Show? what does that mean? you should disclose your actual baddebts. I am not able to understand what does this question actually mean?
Manish
(CA)
(1138 Points)
Replied 08 January 2023
I think you are asking about the amount of provision for bad debts an entity can make.
There is no limit. It is just an estimate based on past data.
However, the entity cannot claim it as deductible expense under income tax.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)