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ITC ON SALE OF FIXED ASSETS.

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(Querist)
25 July 2020 Suppose, ABC firm owns machinery and avails itc and after closure of firm sells this assets to other firm . can itc be availed for resale of fixed assets to other firm and at what percentage.??
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Asha Kanta Sharma

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Asha Kanta Sharma (Expert)
09 August 2020 ITC previously availed would get reveresed...

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