ITC on material ( sands bricks cement iron)
Akshay Rangra (6 Points)
12 June 2022Akshay Rangra (6 Points)
12 June 2022
Dnyanesh Deshpande
(Aspiring CA)
(133 Points)
Replied 12 June 2022
CS Advocate Abhishek Goyal
(M Com FCS LLB M-AIMA )
(13645 Points)
Replied 13 June 2022
ITC on construction cannot be claimed unless it is for plant and machinery or is not capitalized i.e. added to the cost of the asset, you can claim depreciation only.
Kesavaraj S
(578 Points)
Replied 13 June 2022
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