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clarity on input tax credit
My company has only rental income. Regular maintenance charges paid by the tenant's to a third party. I incur other expenses for repairs painting, vehicle maintenance, legal fee, audit fee in relation to the business. However in income tax I show the income under house property and pay taxes. Can i claim input tax credit on all the expenses?
Replies (2)
Input tax credit for the purpose of GST? If it is purely towards business then definately you can claim the input credit.
Thanks
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