i m trader of bag ...i bought laptop , printer and also a glass for furniture ..
..so can i claim whole amount of ITC in year of purchase of capital goods or earlier rule of 50:50 will apply ... i mean 50% in year of pur and bal in following period ..
pls.. let me know its urgent
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ITc on capital goods - laptop
Replies (4)
You claim whole amount of ITC in year of purchase of capital goods (100%)
You can claim the entire credit in the 1st Year of Purchase itself
thnxs sir
You claim whole amount of ITC in year of purchase itself.
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