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Income Tax - Highlights / Catch Notes

Home Highlights April 2016 Year 2016 This

Bad debts claimed should be set off against the opening balance ...

Income Tax

April 18, 2016

Bad debts claimed should be set off against the opening balance available in the “Provision for bad and doubtful debts” account created u/s. 36(1)(viia) and the balance shall be allowable as deduction u/s 36(1)(vii) supported by the Instruction No. 17 of 2008 dated 26.11.2008 issued by CBDT - AT

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