If I purchase an air conditioner for my business then the is tax amount eligible for credit or not?
Menu
ITC on purchase of air conditioner for business purposes
Replies (11)
Yes you can claim ITC
Yes you can claim ITC since the capital goods is being used in the course of business.
yes you can claim if the condition of section 16 satisfied..
so this purchase is consider as an asset or business expenses
section 16 which clause says that it is eligible
section 16 which clause says that it is eligible
Yes.... You can book it as Fixed Asset & Also can avail ITC for the Tax amount...
Claim Depreciation on Basic Amount of the AC.
Claim Depreciation on Basic Amount of the AC.
so to claim itc for the tax amount is there is any percentage for claiming itc in a year or
i can claim full amount of tax at one time only
i can claim full amount of tax at one time only
can claim full amount in one shot....
on which base u are telling that in shot i can claim Full amount of tax
based on opinion of mine...........
yes you can claim itc
| Originally posted by : RAJA P M | ||
 |
Yes.... You can book it as Fixed Asset & Also can avail ITC for the Tax amount...Claim Depreciation on Basic Amount of the AC. |  |
Recent Threads
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
- Waste Management services
- Seeking Clarity: New Transport Allowance Limits (D
- Query regarding Consolidated Gift Deed for Bank Tr
- TDS u/s194IB - Joint Ownership
- Free GST Reconciliation Tool in Google Sheets R
- NRI return after due date refund case
- TDS u/s 194J - training honorarium
Related Threads
CAclubindia
