QUERY AGAINST BAD DEBTS WRITE OFF ON SALES ON EXPORT/IMPORT OF GOODS OR SERVICE, Income Tax

[Mail Box]

Dear ,

I want to know about the write off provision if i am selling the goods & service to europe and some goods and services bought from UAE then my question if my some export company would be default the payment and denied the payment on such goods and when i finalization my account then can i make it provision for bad debts on export party on my books if yes then please share with me complete rule for provision for bad debts on export on sales and if possible kindly share with me some example.

Thanks & Regards

Posts / Replies

[Padmanathan Kollengode]

Since your issue is with regard to export proceed, pls check for violation of FEMA provisions. Advisable to contact an expert in this field.