Menu
itc shed repairs & maintenance
material like cement, steel purchased amount of rs 200,000 for shed repairs & maintenance. Can we take itc on it ? We have taken itc on it in Dec 3b. If we cant take itc dan how can we reverse in Jan 3b ?
Replies (4)
Yes , yes u can avail itc on same if u have not capitalised the same ... but plz check whether it is really a revenue nature expenditure. it is advisable if it is owned building then capitalised it, & no ITC is available.
Yes u can deduct it from Total ITC of Jan month , show the balance in 3b for jan
Yes u can deduct it from Total ITC of Jan month , show the balance in 3b for jan
actually itc of dat material is 36000 and itc in Jan 29000 so can I adjust balance itc in Feb 3b
Yes u can adjust balance in feb
Yeah I have clarified dis exp is of revenue nature
Recent Topic
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
Related Topics
CAclubindia
