Purchase of jewellery
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
03 January 2013
Mr. A buys jewellery on Dhanteras and gets discount of 10% on purchase. What will be the treatment of discount in accordance with the Income Tax Act?
Guest
Guest
(Expert)
03 January 2013
Book the jewellery at discounted which shall be the cost of acquisition.
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