Hey All,
Wanted to know if we can claim input tax credit on purchase of car used for business use? (Car is purchasrd in the name of proprietary business)
Hey All,
Wanted to know if we can claim input tax credit on purchase of car used for business use? (Car is purchasrd in the name of proprietary business)
Generally ITC is not eligible except in following cases-
1. Used for transportation of goods
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
