Hello,
Have a few queries related to availing Input tax credit:
1) Is it possible to claim input tax of previous months? Have not claimed input tax on the monthly rent that we have been paying from last couple of years.
2) If yes then Is it possible to claim input tax of previous years too?
3) Can I claim input tax of the entire financial year in one go or do I need to claim it every month?
4) Do I need to make the rent payment only through the Current account of our firm to claim the input tax or I can claim the input tac if I have paid the rent through my savings account?
Thanks in advance for all the help!
Mayur
CAclubindia
