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Section 40a(3)

This query is : Resolved 
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(Querist)
02 January 2015 if person dealing in jwellery business.then he paid more than 20000 rupees in cash for purchasing of jewellery whether he is eligible for deduction as purchase.
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03 January 2015 There are no exception given in the case of jewellers in section 40a(3).. SO the entire expenditure is disallowed.
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