Whether a company can take ITC on expenses spend on advertisement cost- Advertise in news paper for tender offer.
please mention section
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ITC ON ADVERTISEMENT EXPENSES
Replies (5)
Yes, you are eligible for the same
Which section allows ? plz mentn
The ITC restrictions are there from Section 17(5) if expense is not specifically covered under section 17(5) and such expense is used for business or furtherance of business, ITC would be eligible.
Expense not eligible specifically mentioned in 17(5). You can search there if it mentioned there then you will not be eligible for such expenses. Otherwise you will be eligible
Thanks
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