ITC on painting materials

1838 views 4 replies
Experts,

Can a company avail the ITC on purchase of painting materials for building's repair and maintenance work.
Replies (4)

Yes, provided the repairs expenses are debited to P&L acc, [and not capitalized.]

Provided used for the furtherance of business.
Thank you experts for your replies

You are welcome..        


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register