One of my client who is having a proprietary business has purchased a gold jewellery worth Rs 5 Lakhs for his daughter on her wedding in F.Y. 2017-2018 from business profits.
How the above treatment to be shown in the books of accounts?
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
