Sir / Madam,
I would like to know, Can we take input tax credit on construction expense of building which is to be used for rental services?.
Is it ineligible under 17 (5)?.
How can we let rental services without building ?.
Kindly clear my confusion if you can
Thanks & Regards
Shinoj Davis
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ITC on construction expense of building
Replies (3)
We can not claim
Any construction expenses incurred which is 'Capital in nature', then ITC is not allowed as per section 17(5), if revenue in nature then allowed.
For further clarification contact CA SACHIN M JAIN
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
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Twitter : tinyurl.com/TCASMJ
For further clarification contact CA SACHIN M JAIN
Mobile : 8097515447
WhatsApp : tinyurl.com/wCASMJ
Email : casachinmjain @ gmail.com
LinkedIn : tinyurl.com/LCASMJ
YouTube : tinyurl.com/YCASMJ
Twitter : tinyurl.com/TCASMJ
Thank you all
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