alleryStart learning →ITC is denied for goods disposed of in which manner?
ASold at a trade discount
BReturned by a customer
CSent out for job work
DGiven away as free samples
Answer & Solution
Correct answer: D. Given away as free samples
Section 17(5)(h) blocks credit on goods lost, stolen, destroyed, written off or disposed of by way of gift or free samples.
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Related questions
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