Easy Office
Easy Office

Itc on paint

This query is : Resolved 
Profile Image

Profile Image

(Querist)
12 March 2018 DEAR ALL
We have purchased paints and putty used in factory building.
Is ITC allowed on paints and putty used in factory building on own account

As per my vies,if it is capitalised ,then ITC not allowed ,,am i right???
Profile Image

KAVIRAJA ADDANGADI

Profile Image

KAVIRAJA ADDANGADI (Expert)
12 March 2018 No ITC Not available on above Painting chgs
Profile Image

RAJA P M

Profile Image

RAJA P M (Expert)
13 March 2018 Yes... You are exactly correct... The Factory Building is Your Company's own Asset???
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

pawan bansal

Profile Image

pawan bansal (Querist)
13 March 2018 but what about "to the extent of capitalisation" as per section 17(5)???

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links