ITC on vehicle insurance - reg

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2 Points Posted on 05 May 2019
Sir,

Can we claim ITC on insurance premium of a vehicle used by the M.D/Director/Manager for business purpose?
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On 05 May 2019 at 08:34 Report
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"Do the Right Thing...!!!"
128162 Points Posted on 05 May 2019
No...
ITC not applicable for insurance of the vehicle which is used in personal Nature...
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On 05 May 2019 at 08:49
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CA Final student
7106 Points Posted on 05 May 2019
No as per section 17(5) and section 16
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On 05 May 2019 at 19:16

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