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Sec 17(5) d blocked itc apply here


kiran (accounts manager)     28 November 2020

kiran
accounts manager 
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manufacturing company also does renting of commercial buildings, and spends on painting and electrical fittings. does these come under blocked itc u/s 17(5) d.
JATINDER KUMAR

JATINDER KUMAR (Accountant)     28 November 2020

JATINDER KUMAR
Accountant 
 263 likes  3647 points

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No.......
1 Like
Shivam RC

Shivam RC (Student)     29 November 2020

Shivam RC
Student 
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If it is Capitalized, they you are not eligible to claim ITC on Painting and Electrical fittings. However if it is booked as a Revenue Expenditure in the P&L A/c, then you can claim ITC.
kiran

kiran (accounts manager)     29 November 2020

kiran
accounts manager 
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Ok, thank you.

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