Itc on fixed assets
This query is : Resolved
29 August 2012
Can be claim input tax credit in UPVAT on office furniture purchased for use in business. If so, how
sunil rao malla
(Expert)
29 August 2012
You have to go through UP VAT Act is the Act is varies from state to state for Eg Tamlinadu allows to take input credit on fixed asset equally for 36 Months Maharastrha allows to take it in the acquisition period itself.
MJ Krishnamurthy
(Expert)
29 August 2012
Mr Gaurav,
Generally it is not allowed,because it is not a capital asset....MJK
Generally it is not allowed,because it is not a capital asset....MJK
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