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Income Tax - Highlights / Catch Notes

Home Highlights December 2014 Year 2014 This

Claim of bad debts – advance given for purchase of capital ...


Advances for capital assets purchase aren't deductible as bad debts or business losses under income tax rules.

December 26, 2014

Case Laws     Income Tax     AT

Claim of bad debts – advance given for purchase of capital assets are not allowable as bad debts/business loss - AT

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