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ITC on New Car Purchased in the name of company for Directors use for business purpose
This is a Private Limited Company, the car is purchased in the name of company and the car is used for business purpose by the directors. Shall we take the ITC on car purchased after deducting the 25% ITC is used for personal purpose.
Replies (3)
Quick Summary
ITC not available for car
No you cannot claim ITC in this case
Blocked credit u/sec 17 (5)
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