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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Bad debts - provision for bad debts which is not credited to the ...


Bad Debt Provisions Not Credited Can't Be Deducted from Taxable Income.

July 20, 2015

Case Laws     Income Tax     AT

Bad debts - provision for bad debts which is not credited to the accounts of the debtors and thus written off cannot be allowed as deduction while computing the income of the assessee - AT

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