Deduction of purchase
Querist : Anonymous
Purchase is deductable in income tax. Pls clarify :- under which rule/section
Regds
Anshul
Querist : Anonymous
purchase is also deductible like Net sale/turnover 100000
Less purchase 90000
GP 10000/-
under which sec this purchase is deductible... is there any rule section or any circular for the same
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