Can we take itc on purchase of car in the name of company
8 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 December 2018
Better to explain Your query...!
Which self use or any other travelling mode like travells business...?
Which self use or any other travelling mode like travells business...?
Vedant Khanna
(374 Points)
Replied 17 December 2018
ITC is not allowed if used for personal purposes
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 17 December 2018
No... ITC not available.
pritesh
(CA Final student)
(7101 Points)
Replied 17 December 2018
ITC is not available on personal use of any goods
naren karthick
(work)
(32 Points)
Replied 17 December 2018
Mr.pritesh car purchased for partly own use and partly official purpose how can I claim itc?
Naveen
(CA)
(50 Points)
Replied 17 December 2018
only for business purpose only the ITC will get claimed not for personal use
CA Nikhil Arora
(Chartered Accountant)
(91 Points)
Replied 18 December 2018
No ITC Will be claim even if it is used for business purpose. As per sec 17(5) , it is blocked credit unless the registered person is engaged int the business of car dealer or same line of business or for imparting training , driving business, or for tranportation of goods.
Recent Topics
- Nznxnc call me at the end of the day of the
- Cp chod doob zoom vo book book
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
- How to reverse wrong transaction payment in phonep
- Paytm wrong transaction
Related Threads
CAclubindia
