I HAVE INVESTED IN A COMPANY SUM OF RS.50000 & EVERY MONTH I USE TO GET INSTALLMENT OF RS.6250 FOR 16 MONTHS BUT IN BETWEEN COMPANY GETS BANKRUPTED I ONLY RECEIVED RS.25000 WHAT WOULD BE THE AFFECT AS PER INCOME TAX ACT,1961. & WHAT WUD BE THE AFFECT OF REMAINING PRINCIPAL AMT WHETHER TO W/O OR ANY OTHER TREATMENT AS IT IS NOT RECOVERABLE.
Menu
Income Tax
Replies (1)
Write off rs. 25000 as bad debt.
It is allowable in Income Tax.
Recent Threads
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
Related Threads
CAclubindia
