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ITC ON ADVERTISEMENT EXPENSES

21 August 2020

Whether a company can take ITC on expenses spend on advertisement cost- Advertise in news paper for tender offer.

please mention section

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5 Replies

Nilkesh Parmar (106 Points)
Replied 21 August 2020

Yes, you are eligible for the same

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Suvendu Biswal (46 Points)
Replied 21 August 2020

Which section allows ? plz mentn

CA Rashmi B (Assistant Manager) (787 Points)
Replied 21 August 2020

The ITC restrictions are there from Section 17(5) if expense is not specifically covered under section 17(5) and such expense is used for business or furtherance of business, ITC would be eligible.

Nilkesh Parmar (106 Points)
Replied 21 August 2020

Expense not eligible specifically mentioned in 17(5). You can search there if it mentioned there then you will not be eligible for such expenses. Otherwise you will be eligible