01 April 2016
Capital goods removed after partial use : Under this rule assessee is eligible for credit on the basis of qtr the capital good is used. If for example assessee recd CG on 1/10/2013 and removes after partial use on 31/03/2017 then it will be 14 qtr now my que is what if assessee recd CG on 17/09/2013 and removes it on 11/02/2017 how qtr will be calculated ?
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