Easy Office
Easy Office

valution of motor car as per section 2(ea)

This query is : Resolved 
Profile Image

Profile Image

(Querist)
09 December 2010 my question is whether motor car should be valued at WDV as per Income Tax or at market value or at amount recorded in books as per Wealth Tax Act?
Profile Image

Aditya Maheshwari

Profile Image

Aditya Maheshwari (Expert)
09 December 2010 Generally done as per WDV as per Income Tax Act but i think it could be done as per insurance value of the car also.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links