Assessing Officer to Verify TDS Write-Off Claims: Ensure Initial Invoice Recognition and Bad Debt Identification for Approval.

Assessing Officer to Verify TDS Write-Off Claims: Ensure Initial Invoice Recognition and Bad Debt Identification for Approval. https://www.taxtmi.com/highlights?id=52883 Disallowance of TDS recoverable written off - AO directed to verify that initially the assessee recognized the total invoice amount and subsequently, identified the bad debt with reference to the deficit payment by the party and the amount under TDS certificate issued - If both the conditions are satisfied, claim to be allowed bad debt - AT en-us Fri, 10 Apr 2020 13:24:16 +0530 Fri, 10 Apr 2020 13:24:16 +0530 TaxTMI RSS Generator Assessing Officer to Verify TDS Write-Off Claims: Ensure Initial Invoice Recognition and Bad Debt Identification for Approval. https://www.taxtmi.com/highlights?id=52883 Disallowance of TDS recoverable written off - AO directed to verify that initially the assessee recognized the total invoice amount and subsequently, identified the bad debt with reference to the deficit payment by the party and the amount under TDS certificate issued - If both the conditions are satisfied, claim to be allowed bad debt - AT Highlights Income Tax Fri, 10 Apr 2020 13:24:16 +0530 https://www.taxtmi.com/highlights?id=52883