ITC on painting materials
Marimuthu (Manager) (528 Points)
22 October 2022Can a company avail the ITC on purchase of painting materials for building's repair and maintenance work.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195270 Points)
Replied 22 October 2022
Yes, provided the repairs expenses are debited to P&L acc, [and not capitalized.]
sabyasachi mukherjee
(27825 Points)
Replied 23 October 2022