Query on wealth tax commercial property
This query is : Resolved
03 September 2012
Dear All,
Whether Commercial Property not let out(Kept Idle) is liable for wealth tax?Does it fall in to the definition of Commercial Unit & gets exempted?
If so whether the same type of commercial property is subject to wealth tax in case of partnership firm
Kindly reply for the queries
Whether Commercial Property not let out(Kept Idle) is liable for wealth tax?Does it fall in to the definition of Commercial Unit & gets exempted?
If so whether the same type of commercial property is subject to wealth tax in case of partnership firm
Kindly reply for the queries
03 September 2012
Commercial Property is not taxable under wealth tax whether it is let out or not.
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