A Ltd. a Civil Contractor, Purchase TV, Mobile, RO & Refrigerator on its Co. Name.
Can A Ltd. Claim ITC on purchase of such articles?
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ITC claim on Purchase of TV, Refrigerator, mobile etc
Replies (2)
No. Not directly related to supply, better to capitalize it with the cost and claim depreciation over the assets.
on capital asset will be ineligible.
for revenue yes it eligible for furtherance of business.
for revenue yes it eligible for furtherance of business.
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