Add Place of Business

Kesavaraj S

582 Points Posted on 30 May 2022

If you have required supporting documents such as purchase deed and property tax receipt , you can apply for additional place of business whenever required irrelevant of its construction...

Sanjay Kumar

70 Points Posted on 30 May 2022

You should add that

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 30 May 2022

Add the place as godown.

sabyasachi mukherjee

Profession Business

28207 Points Posted on 30 May 2022

After commencement of operations from yhat building.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 31 May 2022

@ Vipul Acharya ,

What is the nature of business?

Are you a builder or Contractor?

sabyasachi mukherjee

Profession Business

28207 Points Posted on 31 May 2022

Not required for nature of building it is applicable for every nature of business.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 31 May 2022

Nature of business is very much required.

If he is a builder he may claim ITC .

But if he is a normal person constructing a house then treatment is completely different.

sabyasachi mukherjee

Profession Business

28207 Points Posted on 31 May 2022

If he Is a builder he can claim subject to several conditions.

CA Puja Sharma

Chartered Accountant

5010 Points Posted on 31 May 2022

You can add the factory building as an additional place of business now also because you have the property documents available with you for amendment.

CA Rashmi Gandhi

Chartered Accountant

86505 Points Posted on 31 May 2022

Just a single reply on all above comments, please understand query and then reply.

You can add the building under construction as additional place now or even after completion.

Eswar Reddy S

CFO- at NHTF

58280 Points Posted on 01 June 2022

@ Vipul Acharya ,

Place of business should be ready for use either for operations or for managerial purposes .

So as of now it's not required to add additional place of business