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ITC on repair to building

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Manas Das

Manas Das (1431 Points)
Replied 02 February 2018

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.
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SUMIT KUMAR

SUMIT KUMAR (Sr. Executive Accounts & Exim)   (22 Points)
Replied 28 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.

 



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