We purchase lift for showroom of eye glasses
can we claim itc of lift nd this shop also is under construction
You can claim itc of capital goods, but you never claim depreciation of ITC.
You have two choice:-
1) You claim itc , never claim depreciation on ITC of Lift, but you claim Depreciation Only taxable Amt.
2) And you are not claim ITC , You claim depreciation bill amt .
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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