WE ARE PROCESSORS OF NATURAL RUBBER.
WE PURCHASED SQUARE PIPE AND SHEETS FOR MAINTENANCE OF OUR FACTORY BUILDING ROOF. CAN WE CLAIM ITC OF THE ABOVE PURCHASE.
4 Replies
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 20 May 2018
No u can't claim see section 17(5)
Jatin
(Accountant)
(3479 Points)
Replied 20 May 2018
Yes, you can claim ITC (please book expenses p & l account not capitalized)
CA S Praveen Kumar Reddy
(Chartered Accountant)
(2195 Points)
Replied 20 May 2018
It's factory building he can't claim
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