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Income Tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

Claim for any debt or part thereof in any previous year, shall ...

Circulars     Income Tax

May 31, 2016

Claim for any debt or part thereof in any previous year, shall be admissible u/s 36(1)(vii), if it is written off as irrecoverable in the books of accounts of the assessee for that previous year and it fulfills the conditions stipulated in sub section (2) of sub-section 36(2) of the Act.

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