can I claim my GST ITC amount missed in income tax expenses????
it is possible to gst itc claim in income tax??
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My honourable CA club india
Replies (3)
As far as I can understand your question please note my answer below;
Ineligible ITC can be claimed as Tax Expense or accounted under respective "Expense head" in P&L. It will not be disallowed in income tax.
Oh we can show but not claiming in income tax return
How can you claim it as an allowable expenditure under income tax act?
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