ITAT Hyderabad held that once the debt has been written off in the books of accounts as irrecoverable, assessee is not required to prove that the debt had become bad or not. Accordingly, deduction for ...

As such, the write-off maneuver reduces taxable income for the business. When a bank is unable to collect on a loan, it writes off the bad debt. Banks typically have a reserve account for unpaid ...

Rapid advances in technology present businesses with unique opportunities and challenges they must navigate to maintain a competitive advantage. As businesses leverage technology to expand their ...

"In addition to huge lump sum of money offered there is now also debt write off not only for those enrolling but also for their families. It tells," he wrote. As Bildt alluded to, it would not be ...

Borrowing can be considered neither inherently good nor bad; it depends on managing risks effectively. Examples comparing investment in Bitcoin and an MIT degree show that the success of borrowing ...

Russian President Vladimir Putin on Saturday signed a law that allows those who sign up to fight in Ukraine to write off unpaid debts ... themselves of existing bad debts. It also covers their ...

Russian President Vladimir Putin has signed a law to write off unpaid debts worth almost ... December 1 to free themselves of existing bad debts. It also covers their spouses.

Thames Water Utilities logged a pretax loss for the first six months of its fiscal year after writing off a debt to its parent company and setting aside funds to cover fines from the U.K. water ...

See how we rate investing products to write ... get a debt consolidation loan, which combines multiple debts into one loan, it's more difficult to be approved for a personal loan with bad credit.