My query dated 26.02.09 - Reg
This query is : Resolved
soundararaju
(Querist)
27 February 2009
Dear Mr Srinivasalu
We have decided to purchase the exacavator machine within india only i.e.
interstate purchase. Please clarify whether are we eligible against C Form since we are in builders and developers.
We have decided to purchase the exacavator machine within india only i.e.
interstate purchase. Please clarify whether are we eligible against C Form since we are in builders and developers.
CA. B.SRINIVASULU
(Expert)
27 February 2009
Yes, you can purchase by issuing a c Form. You can obtain c form from your assessing officer. Submit a letter and get the forms and issue the same for the purchase of machinery. You have to classify it as a capital asset purchase and issue c form accordingly.
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