Revaluation Loss on Bank Securities and Bad Debts for Non-Rural Advances Are Allowed
Revaluation Loss on Bank Securities and Bad Debts for Non-Rural Advances Are Allowed Issue Revaluation Loss on Securities: Whether Government Securities held by a bank qualify as stock-in-trade and can be valued at cost or market price, whichever is lower, thereby making revaluation losses deductible under Section 28(i). Bad Debts on Non-Rural Advances: Whether bad… Read More »