Itc available on diwali gift
VIKAS SAINI (1163 Points)
08 October 2017
Can we take the input on diwali gift like as jewellery item, sweet and other gift
2 Replies
CMA SAURABH ARORA
(SELF EMPLOYED)
(39 Points)
Replied 08 October 2017
No. You can't take input tax credit for Diwali gifts. It is a blocked credit under section 17(5).
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