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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.
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