Assessee is showing Rental Income under Income from House Property & availing Standard Deductions under section 24
Can he take ITC on Office Expenses/ Bills, because as he doesn't show Income under Business in ITR
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Renting of Commercial Property
Replies (2)
ITC CAN BE AVAILED, AS FOR GST ITS TAXABLE SUPPLY..
We should not see the head of income for taking ITC in GST. Both law are different thus income shown under head house property does not means that you cannot claim ITC because it is nowhere mentioned in law that the ITC can only be claim against the income shown under head PGPB in ITR filed.
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