Can we take input tax credit on purchasing of table and trolley for business.....

Answer Posted / tapan kumar roy

WE CAN TAKE INPUT TAX CREDIT ON PURCHASE OF TABLE AND TROLYY BUT IT WILL ADJUST WITHIN ONE YEAR WITH OUTPUT TAX AND TREATED AS INPUT TAX CREDIT ON CAPTAL EXPENDITURE

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar

1609


'A' is running a manufacturing set up. 'B' sends raw material (after paying CST) to 'A' for manufacutre of his specified product and 'A' keeps 'B's stock in his godown. Can 'A' buy this material from 'B' by raising a CREDIT MEMO and in the books regularises by passing Journal Entry Dr.Raw material inventory and Cr. 'B's Account.

1999


HOW CALCULATE PARTERNERSHIP FIRM INCOME TAX ON NET PROFIT.

1857


what is the difference between captive consumption and cenvat in tally erp9 and when we have to use it

1932


F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?

1658






Explain long term capital gains and how is it different from short term capital gains?

747


HOW TO CALCULATE PF, ESI, VAT, SALES TAX ETC.,

2214


Provision for Service tax, Income tax and Sales tax

1759


i dont no what is tcs and tds what the use and how to calculate Tcs&Tds

1670


Kindly, tell me abount the WCT of U.P. material & labour supply for installment of lift in premises at Noida (U.P.), our lift supplier giving the bill in 90% material & 10% Labour & charged the up vat of 12.5% , Can we liable for WCT deductor ?

1517


1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.

2325


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

3710


My client has not filled income tax return for ay-2013-14

1280


Type of form use in sales Tax

1574


How is income tax calculated?

740