Income Tax For Senior Citizens: How to File For AY 2026-27
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YOU CAN'T
AFTER EFFECT DATE OF CONVERSION , THEN YOU CAN ONLY TAKE ITC
CANT BE UTILISED ...
U ARE NOT SO CLEVER TO OPT COMPOSITION AND PAY LESS TAX
AND AFTER THAT OPT REGULAR AND CLAIM ITC DURING COMPOSITION
SO DONT DO SUCH WORK
THANKS U VINOD G
Dear Pawan Gupta,
You can surely claim ITC paid on purchase of goods which are in stock on the day immediately preceding the from which you liable to pay tax under regular scheme.
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