18 April 2019
Does HUF have the option of charging 5% on car rental if it does not take ITC? It has mixed income. Office rent and car hire. So, on office rent it will charge 18% and take ITC? On car hire it will charge 5% and not take ITC? Such differential treatment is permissible for a single assessee – depending on the nature of income?
CAclubindia
