Corporate insurance Company Limited vs. Commissioner Domestic taxes
Bad and Doubtful Debts (Income Tax)
Bad debts are allowable deductions under section 15(2)(a) of the income tax Cap 470 laws of Kenya upon satisfying the Commissioner the debts have become bad. The Income Tax Act Cap 470 requires that a person must-take all reasonable steps to collect debts which have become uncollectable.
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Resource Information
Author |
Firu |
|---|---|
Category |
Litigation Corner, Pleading Aids |
