1. Renovation and alteration work of business place carried out. Can ITC be claimed?
2. Can Input be claimed for material purchased for marketing of business place?
Menu
ITC on Renovation and Marketing spends
Replies (1)
| Expense Type | ITC Status | Key Condition |
| Renovation (Capitalized) | Blocked | Section 17(5) prevents credit on immovable property construction. |
| Renovation (Revenue Expense) | Eligible | Must be routine maintenance, not capital improvement. |
| Marketing Materials | Eligible | Must be for business promotion and hold a valid tax invoice. |
| Marketing (Gifts/Samples) | Blocked | Section 17(5)(h) prohibits credit on goods given as free gifts. |
Recent Topic
- PPF Interest Exempt - But what drop down to choose
- Itr2 or itr3 intraday trade 1 loss of 70 paise
- Calculation of IT
- CA FINAL FR IndAS 33 Doubt(Corrected)
- Clarification Needed: Reporting Accrued vs Paid FD
- TDS on prize given to participants in Livestock sh
- TDS related matter - 194 IA
- Research: How do CA firms handle GSTR-2B reconcili
- CA FINAL FR IndAS 33 Illustrtion 14
- Taxation on Sale of old Jewellery Received at Marr
Related Topics
CAclubindia
