Taxpayers can write off bad debts as allowable expenses if credits are shown in the same year's accounts.

Taxpayers can write off bad debts as allowable expenses if credits are shown in the same year's accounts. https://www.taxtmi.com/highlights?id=6960 Claim of bad debts - there is no bar on the assessee in writing off the bad debts of the year as allowable expenditure when the corresponding credits are showing in the accounts of the year - AT en-us Tue, 26 Feb 2013 08:23:04 +0530 Tue, 26 Feb 2013 08:23:04 +0530 TaxTMI RSS Generator Taxpayers can write off bad debts as allowable expenses if credits are shown in the same year's accounts. https://www.taxtmi.com/highlights?id=6960 Claim of bad debts - there is no bar on the assessee in writing off the bad debts of the year as allowable expenditure when the corresponding credits are showing in the accounts of the year - AT Highlights Income Tax Tue, 26 Feb 2013 08:23:04 +0530 https://www.taxtmi.com/highlights?id=6960