IS ITC AVAILABLE ON PURCHASE OF COMMERICAL CAR
This query is : Resolved
19 May 2025
Dear Expert,
My company want to purchase a commercial car (Hyundai Aura CNG) for business use like transport of material or business tours.
Can we claim the ITC of this car.
My company want to purchase a commercial car (Hyundai Aura CNG) for business use like transport of material or business tours.
Can we claim the ITC of this car.
29 May 2025
cannot be claimed under section 17(5) even if it is for business use. ITC on car is permitted only for specified uses such as taxi service, motor driving school or for car selling business.
10 June 2025
thank you sir for support
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