About cenvat credit to capital goods


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2016 hi
if i take cenvat credit on capital goods than will it be effect to income tax? if yes or no !!!! so how?

30 June 2016 Hello,
If you are taking CENVAT on Capital goods, you canot claim the same as depreciation in Income tax

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2016 ok sir
and what is part of refund in income statement it will be show or not

30 June 2016 Sorry please specify your question

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
30 June 2016 i mean, Is cenvat refund the part for income statement or not?

30 June 2016 no, its duties & tax Dr bal.. and take set off against the excise liability .


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details