If the goods are purchased at HP, 297 application is necessary or not?
Regards
Kavitha
RG - A Helping Hand
(Company Secretary)
(13867 Points)
Replied 11 August 2011
Hi,
According to me if the goods are purchased on hire purchase still section 297 is applicable provided other conditions given in section 297 are complied with.
You are also requested to check exemption given under section 297(2).
RG
CAclubindia
