The authors write "Failure to document a transfer of funds between related parties as a loan may lead to the transfer's being ...

Trying to get out of debt is a worthwhile goal to have, but not all debt is bad and should be avoided in the first place. Depending on how you use debt, you could leverage it to improve your financial ...

To determine the best debt consolidation loan offers for bad credit, CNBC Select compared dozens of lenders by credit score requirements, interest rates, fees, repayment terms and other factors.

ITAT Hyderabad held that once the debt has been written off in the books of accounts as irrecoverable, assessee is not required to prove that the debt had become bad or not. Accordingly, deduction for ...

AMONG the elements in the Fuel Adjustment Charge is an allowance for “bad debts,” Commonwealth Utilities Corporation Chief Financial Officer Betty Terlaje said. “In the FAC rate there’s a small ...

The banking system is facing major problems in asset quality as bad debt has increased rapidly, while Circular 02 on debt restructuring will expire on December 31, 2024. As of the end of the third ...

Considering the steps outlined by the court, the question arises: Is it necessary to complete all these steps to prove that the taxpayer exerted diligent efforts to collect the debt? Will the absence ...