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Expenses

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(Querist)
24 January 2012 Dear Sir

What is the procedure for cash expenses.
Suppose that we purchase silver & gold coin of Rs.2,25,000/-cash. Then we can take this bill in A/c as cash sales promotion expenses.

Regards
Pradeep
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sahil jain

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sahil jain (Expert)
24 January 2012 no you can not as cash expenses greater then 20,000 are not allowed in income tax.

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