Poonawalla fincorps
Poonawalla fincorps

ITC on Capital Goods

This query is : Open 
Profile Image

Profile Image

(Querist)
08 October 2017 Dear Sir/Madam, Our company has purchased 2 ACs in Aug 2017. My question is that how to take ITC on Capital Goods. Can we take full ITC in Aug 2017? Thanks & Regards,
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
08 October 2017 You can take full ITC if such ACs are used for furtherance of business....
Profile Image

Udaya Chandran

Profile Image

Udaya Chandran (Expert)
09 October 2017 Yes, you can take full credit in the month of receipt of the capital goods, it is used for business purpose.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Synonymous

Profile Image

Synonymous (Querist)
09 October 2017 Thanks a lot CA Rashmi & Udaya for your response
Profile Image

CA Rashmi Gandhi

Profile Image

CA Rashmi Gandhi (Expert)
09 October 2017 Welcome.......

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


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links