ITC of Insurance on Capital Electronic Goods


This query is : Resolved 

Quick Summary
Private Limited companies can generally claim Input Tax Credit (ITC) on insurance premiums paid for capital electronic goods. This applies to items like computers, servers, and machinery that are used for business operations. Unlike insurance for employees' life or health, which is often blocked, insurance for business-critical electronic capital assets is typically eligible for ITC.

(Querist)
17 April 2025 Can Private Limited company claim ITC of Insurance on Capital Electronic Goods..?

18 April 2025 ITC is not blocked for insurance related to capital goods (unlike life/health insurance for employees).
The insurance should cover capital electronic goods (e.g., computers, servers, machinery) used for business purposes.

28 September 2025 Good luck.....


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