credit of mobile phones purchased available ?
Nikhik Tikmani (1 Points)
09 April 2018
Credit of mobile phone is included in block credit under section 17(5) ?
4 Replies
CA SUDHINDRA D S
(Practising CA)
(761 Points)
Replied 09 April 2018
Credit of mobile phone purchased is not under the Sec 17(5). Hence, credit of the same can be claimed provided the same has been used for the pupose of business.
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 09 April 2018
You can avail the ITC benefits for the Purchase of Mobile phone if it's used in furtherance of business...
CA Rashmi Gandhi
(Chartered Accountant)
(86500 Points)
Replied 09 April 2018
ITC of mobile is not available if used for personal purpose.
Kiritsinh Dabhi
(4 Points)
Replied 09 April 2018
only plant and machinery credits will avail... take depreciation ... it's most beneficial if you are in 30% it slabe
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