Tax Deduction for Bad Debts: Section 36(1)(vii) & 36(2) Allow Write-offs for Ordinary Business Loans.

Tax Deduction for Bad Debts: Section 36(1)(vii) & 36(2) Allow Write-offs for Ordinary Business Loans. https://www.taxtmi.com/highlights?id=49455 Disallowance u/s 36(l)(vii) r.w.s. 36(2) - bad debts written off in the P & L account - Writing off of sums which represent money lent in the ordinary course of business is allowed as deduction. en-us Thu, 26 Sep 2019 06:57:24 +0530 Thu, 26 Sep 2019 06:57:24 +0530 TaxTMI RSS Generator Tax Deduction for Bad Debts: Section 36(1)(vii) & 36(2) Allow Write-offs for Ordinary Business Loans. https://www.taxtmi.com/highlights?id=49455 Disallowance u/s 36(l)(vii) r.w.s. 36(2) - bad debts written off in the P & L account - Writing off of sums which represent money lent in the ordinary course of business is allowed as deduction. Highlights Income Tax Thu, 26 Sep 2019 06:57:24 +0530 https://www.taxtmi.com/highlights?id=49455