Tax Deduction for Bad Debts: Section 36(1)(vii) & 36(2) Allow Write-offs for Ordinary Business Loans.

Disallowance u/s 36(l)(vii) r.w.s. 36(2) - bad debts written off in the P & L account - Writing off of sums which represent money lent in the ordinary course of business is allowed as deduction. .....

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