Itc on work contract
Rajiv (Senior Accounts Officer) (1548 Points)
21 December 2018We give a contract of aluminium partition in our office. Sir will we take itc on This work contract if we will not capitalize this ????
Sarath Rajendran
(Nil)
(2791 Points)
Replied 21 December 2018
ITC on Construction work only allowed to building Constructor.
Owner of such property cann't take ITC on that property payment to the constructor.
Fenil Jetpara
(self)
(316 Points)
Replied 21 December 2018
Yes, you can take ITC over the office furniture expenses.
VIPIN GUPTA
(PARTNER)
(419 Points)
Replied 21 December 2018
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