TMI BlogDisallowance of bad debts - sales tax component included in the sundry debtors - If the assessee had...Disallowance of bad debts - sales tax component included in the sundry debtors - If the assessee had made the payment of sales tax then the debtor of the assessee has to pay back the said amount and therefore it will assume the character of a debt - If ultimately the customer does not pay this amount to the assessee, it has to be regarded as bad debt written off and allowed as deduction u/s 36(1)(vii) ..... X X X X Extracts X X X X X X X X Extracts X X X X
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