Covid19 Alert : Keep Social distance and utilize your time by joining CA CS CMA online classes at 30% disc Coupon: SAFE30 Call : 1800-3000-0505

Whether ITC can be claimed on purchase of bicycles?


mvramana (Student)     21 February 2020

mvramana
Student 
 3 likes  68 points

| My Other Post

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🙏

MOHIT JOSHI   21 February 2020

MOHIT JOSHI

 11 likes  199 points

View Profile | My Other Post

Yes, bicycles are not within the meaning of motor vehicle, itc eligible

avater

mvramana (Student)     21 February 2020

mvramana
Student 
 3 likes  68 points

View Profile | My Other Post

Thank you Sir🙏

avater

Kishor Lulla   21 February 2020

Kishor Lulla

 21 likes  352 points

View Profile | My Other Post

Yes sure

Anshuman Basu (account -GST)     21 February 2020

Anshuman Basu
account -GST 
 40 likes  1124 points

View Profile | My Other Post

I have one question if company purchase Motor circle for businesses use then what is the tax treatment

MOHIT JOSHI   22 February 2020

MOHIT JOSHI

 11 likes  199 points

View Profile | My Other Post

No itc is available blocked u/s 17(5)


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  




Popular Discussion


view more »