becker cma

Limited Period Offer Avail 20% discount in all subjects CA,CS and CMA,Coupon- OFFER20 Call: 088803-20003

CA Final Online Classes

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ITC on newly setup

Dear Experts, we are constructing a Plant & have purchased the below details ITEMS :-
1) We have purchased Cement, MS, SS etc. for the building. ITC available or not.
2) We have purchased Cement, MS etc. for the base for machinery. ITC available or not.
3) We have purchase DG Set along with cement, MS, PVC pipe to prepare the diesel tank. ITC available or not.
4) Sir, we have purchased Electricals fitting items for the building. ITC available or not.
5) We have purchased Electricals fitting items for Plant & Machinery. ITC available or not.
6) We have purchased Mobile Phone for communication with various Vendors. ITC available or not.

Kindly suggest.

Rakesh Sharma

1 and 4 ITC not available.
2, 3, 5 and 6 ITC available.

1. No, blocked u/s 17(5). 2. No, same belongs to fixed immovable assets and blocked u/s 17(5). 3. Diesel Tank is also fixed in nature and cement used in purchasing it also blocked u/s 17(5) 4. Electrical fitting for the building is also improvement for building and same is also blocked u/s 17(5). 5. Allowed 6. Allowed

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

Similar Resolved Queries

Trending Tags