Section 40a(3)
This query is : Resolved
02 January 2015
if person dealing in jwellery business.then he paid more than 20000 rupees in cash for purchasing of jewellery whether he is eligible for deduction as purchase.
Guest
Guest
(Expert)
03 January 2015
There are no exception given in the case of jewellers in section 40a(3).. SO the entire expenditure is disallowed.
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