ITC related query
Faheem Akram (802 Points)
19 April 2018
how long time can avail Unutilized ITC...under law it's prescribed time limit??
6 Replies
kajal shah
(practising ca)
(40 Points)
Replied 19 April 2018
up to 20 th october of next year or filling of annual return for the relevant year
whichever is earlier..
whichever is earlier..
Faheem Akram
(802 Points)
Replied 19 April 2018
no no...I am asking if I have ITC and I don't use it...when it's not available for me
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 19 April 2018
Once You are claimed the ITC in Your returns then it ll c/f to Continuously without time limit as per business running periods
Faheem Akram
(802 Points)
Replied 19 April 2018
when we after due date of 3B so we will have to calculate interest and how to caculate it?
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 19 April 2018
Interest will be calculate @ 18%p.a...
Interest = Tax Value (X) 18% / 365 (X) No. of Delayed Days...
Interest = Tax Value (X) 18% / 365 (X) No. of Delayed Days...
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