In February 2026, Mr. Jayesh commenced a business of manufacturing tables. He maintains his books of accounts using the mercantile accounting…

In February 2026, Mr. Jayesh commenced a business of manufacturing tables. He maintains his books of accounts using the mercantile accounting method. During the year, he acquired raw materials from Supplier P, Supplier Q, and Supplier R. The transaction and payment specifics are detailed below: Supplier Date of purchase Purchase amount Payment due as per written agreement, if any Date of payment Supplier P, a micro enterprise 15.02.2026 5 lakhs Within 30 days from the date of purchase 29.03.2026 Supplier Q, a small enterprise 17.03.2026 7 lakhs No written agreement 15.04.2026 Supplier R, a medium enterprise 25.03.2026 8 lakhs Within 40 days from the date of purchase 30.11.2026 Determine the allowable deduction for Mr. Jayesh for A.Y. 2026-27 regarding the purchases made in P.Y. 2025-26 while computing business income.