it assessess purchase of gold transaction during the year 22-23
1.purchases of bullion value rs:2 lacs FMV value rs:2,50,000/-
2.purchases of gold jewellery value rs:3 lacs FMV value rs:3,40,000/-
question:
tax treatment purchase of bullion and gold jewellery transaction and sec 56(2) applicable in it act
Whether the both transaction were from market, with proper invoices?
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