can itc be availed for a new company construction
1.interior design work of company building?
2.paint and brushes used for painting the walls?
3.construction of garden?
4.ambulance and fire van?
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can ITC be availed?
Replies (2)
Yes as it relates to use for business or furtherence of business
provided that you should not capitalise the tax amount in respective asset and cannot claim depreciation on tax amount
provided that you should not capitalise the tax amount in respective asset and cannot claim depreciation on tax amount
I think itc cannot be claimed as blocked by 17(5) since for immovable property
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