Easy Office
Easy Office

Itc on fixed assets

This query is : Resolved 
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(Querist)
29 August 2012 Can be claim input tax credit in UPVAT on office furniture purchased for use in business. If so, how
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sunil rao malla

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sunil rao malla (Expert)
29 August 2012 You have to go through UP VAT Act is the Act is varies from state to state for Eg Tamlinadu allows to take input credit on fixed asset equally for 36 Months Maharastrha allows to take it in the acquisition period itself.
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
29 August 2012 Mr Gaurav,
Generally it is not allowed,because it is not a capital asset....MJK
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