Provision of bad and doubtful debts allowable or dis allowable?

The provision for bad and doubtful debts is generally allowable as a deduction for tax purposes. This provision is made by businesses to account for potential losses from customers who may not be able to pay their debts.

However, the specific rules and regulations regarding the allowance of bad and doubtful debts as a deduction may vary depending on the tax laws of the country or jurisdiction in which the business operates. It is important for businesses to consult with a tax professional or accountant to ensure that they are following the appropriate guidelines and regulations when claiming deductions for bad and doubtful debts.