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Depreciation on gross value of capital goods

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(Querist)
10 June 2017 Can we avail Input Tax credit for purchase of Capital goods if we also claim depreciation as per I.T Act & Rules of the said assets on the gross value ( for depreciation purpose) ?
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Sagar Doshi

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Sagar Doshi (Expert)
10 June 2017 It is specifically prohibited. Either claim ITC or depreciation, but not both

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