https://www.taxtmi.com/manuals?id=1119 Deduction for provision for bad and doubtful debts is available to banks and certain financial entities subject to specified percentage limits, accounting requirements and anti-double-deduction safeguards. Banks may claim separate deductions for urban branch advances and rural branch advances, with an additional limited deduction linked to income from redemption of securities. The computation of rural branch advances is based on aggregate average advances calculated branch-wise from monthly outstanding advances. Actual bad debts and provision for doubtful debts operate as distinct deductions, and only a single consolidated provision account is permitted. en-us Tue, 15 Sep 2015 11:01:00 +0530 Mon, 27 Apr 2026 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=1119 Deduction for provision for bad and doubtful debts is available to banks and certain financial entities subject to specified percentage limits, accounting requirements and anti-double-deduction safeguards. Banks may claim separate deductions for urban branch advances and rural branch advances, with an additional limited deduction linked to income from redemption of securities. The computation of rural branch advances is based on aggregate average advances calculated branch-wise from monthly outstanding advances. Actual bad debts and provision for doubtful debts operate as distinct deductions, and only a single consolidated provision account is permitted. Manuals Income Tax Tue, 15 Sep 2015 11:01:00 +0530 https://www.taxtmi.com/manuals?id=1119