Can a company claim ITC on vehicles given on lease to another company?
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Itc on vehicles
Replies (3)
You can claim ITC on Motor Vehicle if used for Furtherance course of business. If you have given it on lease & If it is your Business, then yes, you can claim ITC.
agreed with animesh
Yes offcourse U can claim ITC if it is given on lease & its being used in same on regular basis
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