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if a dealer purchases air conditioner for his showroom can he claim ITC for that
Replies (5)
Yes ,... 💯 Percent he can avail ITC
Yes you can claim ITC if your air conditioner purchase Bills is B2B.
then for that can I claim depreciation
Yes , depreciation can be claim on value before Tax (on taxable value)
No ITC will be allowed if depreciation has been claimed on tax component of a capital goods.
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