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Income Tax - Highlights / Catch Notes

Home Highlights September 2013 Year 2013 This

Allowance of Bad-debts u/s 36(1)(vii) - There is no requirement ...


Section 36(1)(vii) Income Tax Act: No Need to Prove Debt Irrecoverable for Bad Debt Deduction.

September 30, 2013

Case Laws     Income Tax     HC

Allowance of Bad-debts u/s 36(1)(vii) - There is no requirement to establish that debts has become irrecoverable in the accounts of the assessee for the previous year. - HC

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