https://www.taxtmi.com/article/detailed?id=741 The document distinguishes percentage provisions for doubtful debts from specific write offs, explains that tax law generally disallows provisions but allows bona fide bad debts written off, requires adjustments for disallowed provisions and subsequent recoveries treated as income, and notes the Supreme Court's instruction that deductibility post reform depends on debts being written off as irrecoverable in the assessee's accounts, with companies often showing provisions as deductions from sundry debtors. en-us Tue, 30 Mar 2010 00:00:00 +0530 Tue, 30 Mar 2010 12:44:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=741 The document distinguishes percentage provisions for doubtful debts from specific write offs, explains that tax law generally disallows provisions but allows bona fide bad debts written off, requires adjustments for disallowed provisions and subsequent recoveries treated as income, and notes the Supreme Court's instruction that deductibility post reform depends on debts being written off as irrecoverable in the assessee's accounts, with companies often showing provisions as deductions from sundry debtors. Articles Income Tax Tue, 30 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=741