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Bank Charges

07 October 2018

If I have shown full amount of Bank Charges in Profit and Loss account under tax audit but now I get know this time there was some part of tax included in Bank Charges so can I claim ITC of tax amount now

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6 Replies

VIPIN KUMAR (PROPRIETOR) (57 Points)
Replied 07 October 2018

no , you cant take input tax credit due to books finalized in tax audit.

1 Like

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RAJA P M ("Do the Right Thing...!!!") (127619 Points)
Replied 07 October 2018

As per Our previous discussion "Better to Leave it if it's wholly booked in PandL account with finalized".

2 Like

anshul jain (184 Points)
Replied 07 October 2018

If books are already finalised then it is better for you not to take itc. From April 18 start fresh and ask banker at the end of each month invoice so u also have clear picture