Sir,
Whether builder claim itc.?
Pls
Yes, Builders can calim ITC over underconstruction units if sold, proportionately.
3 Replies
NAGA
(ACCOUNTANT)
(519 Points)
Replied 01 December 2018
Sir, if some plots are not sold, what is the procedure for input tax credit, and is there any time period to sale the plots. Pls explain
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195275 Points)
Replied 01 December 2018
For plots no ITC will be available. ITC available only over construction of any units over it.
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