Menu
Sec 17(5) d blocked itc apply here
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.
Replies (3)
No.......
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.
Ok, thank you.
Recent Topic
- PF withdrawal and tax liability
- Sale of Goods or Services?
- ITR form query
- Credit against paud RCM on rent
- Dividend difference in 26AS, AIS, TIS
- 194JB INCOME
- Filing ITR3 where income under section 44AD with L
- What is superannuation fund
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
Related Topics
CAclubindia
