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itc on fixed assets

ITC / Input 650 views 5 replies
i have purchase computer.so i hve fully claim input tax credit???
Replies (5)
Yes.....
Yes.....
but I think no depreciation will b allowed on this ITC portion under income tax aAct
Originally posted by : Kamlesh Choudhary
but I think no depreciation will b allowed on this ITC portion under income tax aAct

Mr. Choudhary....!

You Don't think. Bcoz, You are exactly correct....

ITC is available in above query...

Depreciation allowed only the Material cost...

Thank u So much....Mr. Raja


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