May 12, 2026
Submitted By: Shristi Rajput
Circular No. 12/2016 Admissibility of claim of deduction of bad debts under section 36(1)(vii) read with section 36(2) of income tax act
CBDT Circular No. 12/2016 dated 30 May 2016 clarified that once a bad debt is written off as irrecoverable in the books of accounts, deduction under Section 36(1)(vii) is allowable, provided conditions of Section 36(2) are satisfied. Assessing Officers should not disallow such claims merely because the debt had not become irrecoverable in their opinion.
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