Tag: Section 31 Act 2025

Income Tax

Bad Debts Deduction Under Section 36(1)(vii) Before the September 30, 2026 Tax Audit: The Write-Off Test and the Move to Section 31 of the Income-tax Act 2025

CA Adityavikram Banka

How to claim a bad debts deduction under Section 36(1)(vii) before the September 30, 2026 tax audit: the write-off test after TRF Ltd, the Section 36(2) conditions, and the move to Section 31 of the Income-tax Act 2025.