I purchased one computer for business purpose for Rs. 40000.00 + GST Rs. 11200.00
can i eligible to take ITC of Rs. 11200.00
clarify me
Thanks in advance
Menu
ITC ON Fixed Assets
Replies (2)
Yes you can take the ITC , But you can't capitalize that gst amount for depreciation.
be careful about section 17 and rule 43 about reversal of itc in relation to use for personal purposes
Recent Topic
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
Related Topics
CAclubindia
