If i write off some Creditors balance today but if its becomes payable in future yrs can i get exemptions is there is any provisions relating to this
1 Replies
CA. Rashi Goyal
(Chartered Accountant)
(512 Points)
Replied 25 June 2009
You cannot writeoff the creditors unless & until there is 100% surity thet there is no need to pay them, if there is any probability than it could not be written off.
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