Menu
ITC eligible or Ineligible
My friend having Hardware shops in city. hardware tools items...can we claim Input tax credit ItC for hardware purcahse bills???
Replies (6)
Quick Summary
What is the use of that hardware items purchased by You...???
(my question based as "You purchased hardware items from Your friend's shop"... Right...??? )
If yes, then what use...??
(my question based as "You purchased hardware items from Your friend's shop"... Right...??? )
If yes, then what use...??
Sir , not my purchase ,purcahse expenses related hardware goods can take ITC ?? by owner
Why doubt...???
Same business then he can take ITC for the purchase of goods...
| Originally posted by : MPR Sanjay Kumar | ||
 |
Sir , not my purchase ,purcahse expenses related hardware goods can take ITC ?? by owner |  |
No issues. He can take ITC.
In case it's used for any construction/building related maintenance then ITC not allowed.
I clIm this
Yes, ITC can be claimed for hardware purchase since he us into Hardware business
Recent Topics :
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
- Guidence requested for a Finance Professional with
- Expert Opinion Required – Form 140 Gross Amo
- WRONG TAX DEMAND - formal responses , rectificatio
- Foreign remittance
Related Topics :
CAclubindia
