Credit on capital goods.

This query is : Resolved 

19 March 2019 CAN CREDIT OF 50% CAPITAL GOODS BE CLAIMED IN CURRENT YEAR AND REMAINING 50% IN NEXT YEAR.?

WHITHIN WHICH TIME PERIOD CREDIT ON CAPITAL GOODS BE CLAIMED.?

19 March 2019 Credits for capital goods are available in full. There is no provision stipulating av ailment of capital goods credit in installment
However , if the tax payer claims depreciation of the tax component in the value of capital goods under the provisions of Income Tax Act, then credit is not allowed on such tax component of capital goods.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries