Sec 40a(3)

This query is : Resolved

CA. YASH DILIPBHAI HARIYANI (Querist)
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05 March 2015 hELLO sIR, I had a doubt in Sec 40A(3) for a Gold dealer. Suppose there is a Gold dealer who sells Ornaments worth Rs. 85000/- and the Customer Pays in This Manner Rs. 40,000/- by Old Ornaments and Rest By A/c Payee Cheque.The Whether Sec 40A(3) is Attracted for the payment received in form of Old Ornaments????? Will that portion be Disallowed???

CA. YASH DILIPBHAI HARIYANI

CA. YASH DILIPBHAI HARIYANI (Querist)
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05 March 2015 Hello Sir, I am asking about the Purchasing Dealer who is Paying the above transaction through Old Ornaments. i.e. Both are Gold Dealers.

CA. YASH DILIPBHAI HARIYANI

CA. YASH DILIPBHAI HARIYANI (Querist)
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05 March 2015 Hello Sir, I am asking about the Purchasing Dealer who is Paying the above transaction through Old Ornaments. i.e. Both are Gold Dealers.

CA. YASH DILIPBHAI HARIYANI

CA. YASH DILIPBHAI HARIYANI (Querist)
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05 March 2015 Hello Sir, I am asking about the Purchasing Dealer who is Paying the above transaction through Old Ornaments. i.e. Both are Gold Dealers.