CA Finalist
417 Points
Joined May 2010
THE DEALER ENGAGED IN DOING BUSINESS CAN CLAIM TAX CREDIT ON FULFILLMENT OF FOLLOWING CONDITIONS:
1] VAT MUST BE PAID.
2]SHELF LIFE OF THE ASSET SHOULD NOT BE LESS THAN 3 YEARS OR 36 MONTHS.
3]THE CAPITAL GOODS MUST BE DIRECTLY RELATED TO PRODUCTION.