We have to buy a new commercial truck and give it in contract with the company.
In this we will get tax credit?
What is your nature of Business...?
If your doing transporting business then you can take ITC. If you are doing any other business can't take ITC on purchased the Truck. Its only Fixed Asset....
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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CAclubindia
