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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Bed debts - advances given for development of website - when the ...


Advances for Unfinished Website Development Can Be Written Off as Bad Debts When Irrecoverable.

September 2, 2013

Case Laws     Income Tax     AT

Bed debts - advances given for development of website - when the website did not materialize, the amounts advanced to the companies who were engaged to develop the websites, when they became irrecoverable, can be written off and claimed as loss incidental to the business - AT

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