Need a clarification:
A company procured some bicycles for movement inside the plant to move from one building to another building.
Whether ITC is allowed on such purchase of bicycles?
Please give your views
Thank you🙏
Whether ITC can be claimed on purchase of bicycles?
Replies (5)
Quick Summary
Yes, bicycles are not within the meaning of motor vehicle, itc eligible
Thank you Sir🙏
Yes sure
I have one question if company purchase Motor circle for businesses use then what is the tax treatment
No itc is available blocked u/s 17(5)
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