Provision For Bad Debts

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....rovision For Bad Debts<br> Query (Issue) Started By: - mayank shah Dated:- 16-2-2016 Last Reply Date:- 17-2-2016 Income Tax<br>Got 4 Replies<br>Income Tax<br>Dear Sir Please Ask Provision for Bad Deb....

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....ts is Allowed expense in Income tax View ?/ Reply By Ganeshan Kalyani: The Reply: In my view it is an eligible for deduction under Income Tax. However I welcome views of Experts to share their views ....

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....as well. Thanks. Reply By MARIAPPAN GOVINDARAJAN: The Reply: Provision for bad debt is allowed as an expenditure. Reply By KASTURI SETHI: The Reply: Thanks to both experts Sh.Ganeshan Kalyani, Sir....

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.... and Sh.MARIAPPAN GOVINDARAJAN, Sir as I am gaining knowledge about Income Tax, Balance Sheets and accounting treatment through this forum. Reply By Mahir S: The Reply: Sir, I am of the view that s....

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....uch amount is allowed as expense BUT with a debit to the bad debt expense account (which appears in the income statement) and a credit to the provision for doubtful debts account (which appears in the....

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.... balance sheet).<br> Discussion Forum - Knowledge Sharing ....