my client( firm) has purchase jewels. can take 3% input for July 3b return ?
itc available ?
Menu
itc on jewels
Replies (5)
itc not available since jewellery is for personal use and not business use.
ITC not available for Personal use except the Same Business dealer.
If used for resale (trading) purpose, ITC can be claimed.
thanks for valuable answer
You are most welcome... ..
Recent Topic
- INCOME RECEIVED FROM COMPANY FOR ELECTRIC POLLS
- ITR Processing By CPC Now Super Fast - Much apprec
- Abroad Jobs
- Professional Income in 44AD
- Presumptive taxation
- Claiming Pre Possession Home Loan Interest
- Tax on Pension from EPFO
- Indexation of Sale of Property under New Regime
- TDS ON RENT BY TENANT
- Forward tax charge gst related
Related Topics
CAclubindia
