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cash purchase

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15 September 2010 A liqour thekedaar puchases liqour and make all the payment in cash( more than 20000/-) and for tat puchases tcs is also deducted.

now my query is whether the cash purchase of small thekedaar from big liqour thekedaar is allowed...?
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
15 September 2010 yes. Applicable, no such spefic exemption for these transactions u/s.40A(3)
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