capital goods input

ITC / Input 124 views 1 replies
if an assessee is making new office can he get input tax
1) on building material
2) Machinery like Air conditioner and tools and tackles
3) Furniture to be used in office
Replies (1)

If its a new building, all the material of building will be capitalised, so it comes under work contract and ITC is not allowed.

But in case of M/C and furniture-ITC allowed


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