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Income Tax - Highlights / Catch Notes

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Deduction on account of bad debts written off - after ...

Income Tax

October 13, 2020

Deduction on account of bad debts written off - after 01.04.1989, it is not necessary for the assessee to establish that the debt, in fact, has become irrecoverable. It is enough if the bad debt is written off as irrecoverable in the accounts of the assessee. - AT

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