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Fixed Assets ITC
can we take ITC of fixed assets GST and also depreciate the taxable value
Replies (5)
Are you buying any fixed assets? Pl elaborate your question.
we had purchased ac
yes.. itc can be availed and dep. pn amount exclusive of tax.
Yes you can claim iTC on Ac if , used for business purpose. You can depreciate only basis value of AC and not taxes on ac
thanks sir
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