Input tax credit on capital goods

anil kumar (accountant) (59 Points)

29 December 2017

IS IT POSSIBLE TO CLAIM INPUT TAX CREDIT ON FIXED ASSETS LIKE COMPUTER , ELECTRONIC EQUIPMENTS .... ETC

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SAIKUMAR (Student CA Final ) (66 Points)
Replied 29 December 2017

yes u can claim ITC on capital goods used for the purpose of business

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 29 December 2017

Originally posted by : SAIKUMAR
	yes u can claim ITC on capital goods used for the purpose of business

Dimpy (accountant) (119 Points)
Replied 29 December 2017

but if you claim itc then u have to charge depreciation on ass value ok

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