Bad debt written off

  • Income Tax

Provision reducing asset side of balance sheet amounts to writing off bad debts in accordance with section 36 (2)

If asset side of balance sheet is reduced by provision made, it amounts to writing of the debts in accordance…

6 years ago
  • Income Tax

What was not income in earlier years can not be written off as debt – Delhi High Court

What was not income in earlier years can not be written off as debt. The failure of share broker to…

7 years ago
  • Income Tax

Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are two different things

Principles for writing off bad debts u/s 36(2) as laid down by Courts-ITAT explains. Writing off & claiming deduction are…

7 years ago
  • Income Tax

Bad debt written off claim us 361vii -Assessee need not establish if written off in books of accounts of assessee as irrecoverable-CBDT Circular-12/2016

Bad debt written off claim us 361vii Circular No. 12/2016 F.No.279/Misc./140/20  15-ITJ Government of India Ministry of Finance Department of…

8 years ago