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ITC on Repair and Mantance of Office and factory

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accountant
153 Points Posted on 29 June 2022
Can we take ITC of repair factory expance like piping ,pvc and others
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On 29 June 2022 at 15:13 Report
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729 Points Posted on 29 June 2022
Yes You can avail ITC
1 Reply
On 29 June 2022 at 15:19
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article Assistant
1644 Points Posted on 29 June 2022
You can take ITC to the extent of capitalisation
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On 29 June 2022 at 16:50
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Profession Business
28207 Points Posted on 29 June 2022
You can avail itc provided it is for furtherance of business.
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On 29 June 2022 at 17:17
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582 Points Posted on 29 June 2022
No...Itc not allowed on Building maintenance even it is used in Business...
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On 29 June 2022 at 22:27
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article Assistant
1644 Points Posted on 29 June 2022
@ kesavaraj s ITC can claim if it is shown in profit and loss...that means not capitalized
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On 29 June 2022 at 22:59
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582 Points Posted on 30 June 2022
@ David Here the question is not whether the Building maintenance is capitalised or not.As per Sec 17(5) of Clause (C ) &(d) , no ITC can be allowed on expenses incurred to immovable property except Plant & Machinery...
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On 30 June 2022 at 23:03
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4 Points Posted on 01 July 2022

You can use ITC 

 

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On 01 July 2022 at 12:33


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