Bad debts deduction under PGBP

Direct Taxation

Plss explain this provision

Reetikaa R

CA Final

★ 7K+

04-Jan-23 19:17

483

Answers (2)

Which one

CA Suraj Lakhotia

Admin

05-Jan-23 06:01

I think it means ..suppose debt is 50k,and bad debts u allowed is say 5k..then the difference between the above two,ie,the amount of debt u expected to recover,is 45k..suppose u actually recover 44k instaed ..that loss of 1k will be allowed as a deduction in addition to the 5k bad debts u already allowed

SANSKRITI BADRI 2111339

CA Final

★ 4K+

05-Jan-23 09:46