Section 115JB(2) Explanation 1 Applies Retroactively from April 1, 2001, Mandating Increased Provision for Bad Debts.
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....MAT provision - Since Explanation 1 to sec. 115JB(2) of the Act is applicable retrospectively with effect from 1.4.2001, the provision for bad and doubtful debt has to be increased as provided therein - AT....




TaxTMI
TaxTMI