ITAT Delhi held that a bad debt deduction cannot be denied once the debt is validly written off in the books of account. The Tribunal ruled that proof of actual irrecoverability was not required in ...

Banks are sharply increasing loan-loss provisions as rising bad debts, weaker cash flows and mounting property market risks force lenders to prioritise financial resilience over short-term profit.

Debt is often discussed in negative terms, but debt isn’t just good or bad. It falls on a spectrum, and how you manage it plays a big role in how it impacts your finances. Bad debt is usually ...