can we avail input against purchase two wheeler like activa for marketing in distribution and supply purpose
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Input in two wheeler
Replies (7)
No... ITC not available...
No Sir....
You cannot avail the benefit of Input Tax Credit (ITC) on Motor Vehicles Purchased...
You cannot avail the benefit of Input Tax Credit (ITC) on Motor Vehicles Purchased...
No you cannot avail ITC ,..as block u/s 17(5)
No. You can't...Avail the benefit of ITC
No itc allowed for two wheeler.
can we avail input against purchases of a car for business use for firm names? are deprecation avail?
THANK YOU
| Originally posted by : T.T.VIJAYAPRAKASH | ||
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can we avail input against purchases of a car for business use for firm names? are deprecation avail? THANK YOU |
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No... ITC not available...
But.,
You can book the Total values under Fixed Asset and Claim depreciation on the value.
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