Menu
itc claim or not
do we take itc bills or repairing and maintenence like bricks, cement , bar
Replies (2)
As per section 17(5) Any expenses capitalised to Immovable property is Ineligible. Hence if it's book as revenue expenditure (to extent) ITC can be claim .
Hence if it's book as repair then ITC can be claim
Hence if it's book as repair then ITC can be claim
If expense is capitalised then ITC cannot be claimed.
However if it is done for business purpose and booked as expenses then you can claim the ITC.
In case work is done for personal purpose then also you are not eligible for ITC
However if it is done for business purpose and booked as expenses then you can claim the ITC.
In case work is done for personal purpose then also you are not eligible for ITC
Recent Threads
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
- TDS on Property- 26QB filing Doubt
- HSN code for Exempted supplies
- HSN Summary of Outward Supplies (Sales and Advance
Related Threads
CAclubindia
