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40a3

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06 July 2015 Payment made for purchase of furniture in cash excess 20000 is allowable under section 40A3??
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Ankur Singhal

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Ankur Singhal (Expert)
06 July 2015 Yes Bhumika it is allowable.
As furniture is an asset.

You may be confused by referring the ready reckoner, that interpretation is of the author not followed in practice.

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