can I take input on repair of building
if I take depression then I take ITC ??
Menu
ITC on building
Replies (10)
TO the best of my knowledge ,I think you can't avail ITC as its Blocked under 17(5) You only avail ITC related plants and Machinery of a concern
| Originally posted by : AJAY KUMAR | ||
 |
can I take input on repair of buildingif I take depression then I take ITC ?? |  |
Here the property is Your own or Rented...?
u can take it depreciation but dont Take itc on repairs of building for business use
You can claim Depreciation @ 10% on Office Building u/s 32 of the Income Tax Act 1961.
But as far as ITC on Repairs of Building are concerned, the credit of works contract is BLOCKED u/s 17(5) of the CGST Act 2017.
But as far as ITC on Repairs of Building are concerned, the credit of works contract is BLOCKED u/s 17(5) of the CGST Act 2017.
Any expenses captilised to Building Account , ITC cannot be claim
good clarification and information
Paints and Pain brushes purchased by GST Registered dealer for painting business premises. My question is whether the person is eligible to claim ITC on paints and brushes ???
It is covers under Repair of Building No Itc is allowed
Okay Sir...
Thank You for your clarification...
Thank You for your clarification...
good clarification and information about
Recent Topic
- Reporting STCG on non equity oriented MF
- Section 54F exemption for buying a plot
- My client missed to file ITR 3 for AY 25-26
- Subscription/Membership fees
- Inverted tax gst refund
- Mismatch of pincode and district while registering
- Total income less than 12 lakhs but after processi
- Is Getsvision Solutions right for SMTP bulk email
- Queries on Stock/ETF gifting.
- Adding bank account for the deceased for ITR refun
Related Topics
CAclubindia
