Dear All,
we have purchased old machinery and a old car .....can we take input credit or what the treatment for this...
Thanks for all
Nisha Yadav (Accounts exe) (455 Points)
06 October 2012Dear All,
we have purchased old machinery and a old car .....can we take input credit or what the treatment for this...
Thanks for all
CA Lokesh Pokharna
(CA (Ahmedabad Bhilwara Chittorgarh))
(4128 Points)
Replied 06 October 2012
credit on machinary can be taken
car's are generally not eligible for credit, but if used extensively in mfg than credit can be taken
raju
(practitioner)
(31 Points)
Replied 08 October 2012