Poonawalla fincorps
Poonawalla fincorps

itc

This query is : Resolved 
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(Querist)
08 October 2017 can a dealer take itc on assets purchased also
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CA Rashmi Gandhi

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CA Rashmi Gandhi (Expert)
08 October 2017 Yes but it depends on which assets you purchased. No ITC allowed if same is purchased for personal use.
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Udaya Chandran

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Udaya Chandran (Expert)
09 October 2017 Yes, you can take credit of assets provided it is used for your furtherance of business.
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