Interested to Buy Any Domain ? << Click Here >> for more details...
is provision for bad and doubtful debts an operating cost?
- 2 Answers
- 4662 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 |
i want to know that how much input credit we can take of service tax if our input service tax is greater than of out service tax what we should do?,,,,,,,,,,plz reply as soon as possible
what is the size of balance sheet ?
interest paid to bank rs.15000 in conection with statutory income tax proceedings.
how to calculate tds on salary.if the 500 employee work in my company.so how calculate tds for each employee.
Please tell me the minimum exemption limit to applicable Fringe Benefit Tax.
what is the income tax-meaning,rates for 2008-09,procedure,when income tax is filling,form of all income tax heads,complete information about income tax?
Esic calculated on gross to be rounded to?
WHAT IS TIN
We have recd. work contract at Karnataka, now i want to know what is the WCT tax structure in Karnataka under regular Method and composition method, Is there Interstate purchase & Branch stock transfer allowed under composition scheme? How to calculate VAT liability under Regular Method and composition method. Which scheme is beneficial for us?
what is diffrant betwwen exice duty & sale tax
how to calculate tds on salary
what is the amount of t.d.s if one get 4000/- monthly from a company on behalf of consultancy charges.
Audit 
