Deduction u/s 36(1)(viia) of the Act - Provision for bad and ...

Case Laws Income Tax

May 2, 2012

Deduction u/s 36(1)(viia) of the Act - Provision for bad and doubtful debts - provision for bad and doubtful debts newly created during the year under consideration should not be netted against the amount written back or reversed. However, there might be a situation that the provision created for a particular debt needs enhancement and in that situation, only the enhanced amount should be treated as the new provision for the purpose of sec. 36(1)(viia) of the Act. - AT

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Deduction u/s 36(1)(viia) of the Act - Provision for bad and ...

Case Laws Income Tax

May 2, 2012

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