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ITC on Diwali Gifts

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(Querist)
09 October 2017 Can we take ITC on the Gifts items to be distributed on Diwali.
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CA AJAY KUMAR AGRAWAL

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CA AJAY KUMAR AGRAWAL (Expert)
09 October 2017 it the same is distributed to staff then no ITC. If used for promotion of business & given to others, then you can avail & have to establish the relation, if asked by the department.
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Harish Pathak

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Harish Pathak (Querist)
09 October 2017 thank you sir




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