ITC on repair to building

ITC / Input 6022 views 16 replies

Manas Das

1431 Points Joined June 2017

i too had the same veiw as yours before one big consultant ask me to read the provision carefully. the explanation wrirten as to the extent capitalised.

Replies (16)

Manas Das

1431 Points Joined June 2017

i too had the same veiw as yours before one big consultant ask me to read the provision carefully. the explanation wrirten as to the extent capitalised.

SUMIT KUMAR

Sr. Executive Accounts & Exim

22 Points Joined December 2018

Dear Vishal,

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.