itc upon ac for office

ITC / Input 412 views 8 replies
Two quries:-
Can we have take ITC on air conditioner for office use?
Purchase from xyz URD more than Rs 10,000 in a day by cash possible?
Please
Regards
Replies (8)
yes you can take itc
1. Yes... You can take ITC.

2. No, If you are liable under sec 44AA of IT act. In case opt 44AD then You can purchase as per above...



Note : in GST view no cash limit
yes, we have opted 44ad
yes, we have opted 44ad
yes, we have opted 44ad
yes, we have opted 44ad
(yes, we have opted 44ad)

Then You can pay as per above way
Both possible
Nothing specified in income tax which restircts to give cash above 10,000


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