R.AS. NOS. 144/LB TO 146/LB, 148/LB TO 152/LB OF 2005, DECIDED ON 24TH APRIL, 2006. versus R.AS. NOS. 144/LB TO 146/LB, 148/LB TO 152/LB OF 2005, DECIDED ON 24TH APRIL, 2006.
Section 23 (1) (x) deduction In the case of financial institutions, bad loans allowable deductions can be deducted if, under the regular employment system, the amount claimed is debited to the profit and loss account and so on. The credit entry of the creditor is either in a suspension or had a suspected debt account (as per the format prescribed by the State Bank of Pakistan or the Security Exchange Commission of Pakistan, called bad credit provision) and that every year Such amounts are deducted in the balance sheet for. From the amount of the outstanding debt and (iii) when any money is received later, any additional allowance made before is calculated as income.
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