we wants to take credit on purchase of material against building repair and maintenance
whether it is correct or not
whether u charged repair amount in profit and loss
if u charge in p/l then u claim Itc otherwise no
3 Replies
Vinod Babu
(24191 Points)
Replied 01 February 2019
If the repair expenses of building is capitalised in the books of account the ITC is not available if repair expenses are treated as revenue expenses then you can claim ITC.
Recent Topics
- PREFERENCE SHARES - NBFC
- Vivad se vishwas scheme 2024
- List of banks for tax payments available at e-Pay
- Excess itc claimed then intrest applicable even if
- Financing for Properties and Businesses
- TAX DEMAND STILL SHOWING ON INCOME TAX PORTAL, EVE
- FORM 10 IEA IN Revised return
- ITC Eligibility on GTA
- Top Highest Tax-Paying Celebrities: FY 2023-24
- Misplace society Bye law
Related Threads
CAclubindia
