Mr. Anil started business of manufacturing tables in February 2024. He follows mercantile system of accounting. He purchased wood from Mr. A, Mr. B…

Mr. Anil started business of manufacturing tables in February 2024. He follows mercantile system of accounting. He purchased wood from Mr. A, Mr. B and Mr. C. The details of purchases and payment made are as under: Buyer Date of purchase Purchase amount (₹) Payment due as per written agreement, if any Date of payment Mr. A, a micro enterprise 15.02.2024 5 lakhs Within 30 days from the date of purchase 29.03.2024 Mr. B, a small enterprise 17.03.2024 7 lakhs No written agreement 15.04.2024 Mr. A, a medium enterprise 25.03.2024 8 lakhs Within 40 days from the date of purchase 30.11.2024 How much deduction would be available to Mr. Anil in A.Y. 2024-25 in respect of purchases made during the P.Y. 2023-24 while computing business income?