INSURANCE ON PLANT AND MACHINERY


This query is : Resolved 

Quick Summary
This discussion clarifies insurance options for plant and machinery. It specifically addresses whether Input Tax Credit (ITC) can be claimed on such insurance policies. The consensus is that ITC is indeed claimable.

22 December 2020 Can we take Input on insurance for plant & machinery, plz clarify me.

Regards
Santosh

22 December 2020 Yes you can avail the ITC.

25 December 2020 Thank you Lekhraj sood ji


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