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Tax on capital goods

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 April 2012 sir, if mr. x has filed his vat return for the 1st and 2nd qtr, 2011 and then he purchase capital goods then can he claim tax benifit of capital goods in 3rd qtr or otherwise credit will be available in 1st qtr of next assessment year.....

please clerify
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CA CS Pawan Jajoo

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CA CS Pawan Jajoo (Expert)
21 April 2012 credit will be available in 3 rd qtr as, purchase of capital asset in 3rd qtr.

Inshort credit is available as per Bill date

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