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Regarding issue of 'c' forms

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Querist : Anonymous

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Querist : Anonymous (Querist)
28 August 2012 1. can we issue C forms for purchase of capital assets?
2. We are a pharmaceutical company and we purchasing medicine tasting material from out of state and we are taking it under the head "direct expenses" as consumable material for labs. Can We issue 'C' forms for those material ?
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CA Suresh Jain

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CA Suresh Jain (Expert)
28 August 2012 Yes, you can
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