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If we purchase kichen appliance for company to serve food to employee's,is ITC eligible to take credit.
Replies (4)
No. It seems that your company does not deals in kitchen appliances or it doesn't have any commercial utility with the dealing, manufacturing of your company. So you can't take credit of ITC of such item.
Sir, does it not covered under the meaning of furtherence of business
I think ITC will be available.... becoz of furtherence of business rightly.
it is allowable because the expenditure is inccured in the course of business
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