TMI BlogDeduction u/s 36(1)(viia) of the Act - Provision for bad and doubtful debts - provision for bad and...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 ..... X X X X Extracts X X X X X X X X Extracts X X X X
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