is provision for bad and doubtful debts an operating cost?
- 2 Answers
- 3691 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
In my opinion provision for B/d is not operating cost
since it is not related to prime revenue generating activity
It should be treated as other exp.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sagar
its not a cost at all, hence not allowed by income tax
deptt. any provision other that which is payable during the
relevant previous year is not allowed, but actual bad debt
is allowed.
| Is This Answer Correct ? | 1 Yes | 0 No |
a x company deduct tds against our bills so how i entry this type of transaction in talyy 9.0 ?
exp: bricks 4000*5% =200 is input it can be add GP @ 10%. So it cane be 200*10% = 220 output Then 220-200 = we pay only 20. It is correct or not Regards G.Kamal
how we can access the Tax Deduction through PAN ?.
compute income tax for the nett income of Rs 325560 In case of Individual Resident women Senior citizen Firm add education cess on the tax
TDS Form for salary whose salary less than 150000/-
In the excise bill I have applied basic excise duty only. The excise duty of cess(2%) and Hcess (1%) is not applied. Is this correct???
What is straight line method......how to calculate, please explain....
WHAT IS EXCISE DUTY.
What is tds and who is liable to deduct tds
Dear All , My TDS diducted in 2012-13, Rs.2400 2013-14 RS600 & 2014-15 1600 but i am not file any ITR till date please advise me can i claim that amt. for Income tax depart ment I am waiting you your rply
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
how we creat e-vat return in tally for punjab
Audit 
