watch_later 27/06/23

It assessess un secured from creditor rs:14,50,265/- outstanding ledger balance as on dt:31-03-23 in books. Creditor prinicipal amount previous years for 2015.


Assessess creditor outstanding balance amount repayment (write off) any time limit provision applicable in it act.

1 Response | Latest response: 27/06/23 | Sort by Likes(thumb_up) Recent | Income-Tax Reply
watch_later 27/06/23

There is no time limit, but if any amount is long outstanding and liability is no longer in existence, one can write off and consider this as income in the year of writing off.


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