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Wealth Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 January 2010 Under wealth tax,motor car should be valued at WDV as per books i.e. companies act or as per Income tax act? Please reply fast...
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Zeeshan

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Zeeshan (Expert)
04 January 2010 As per Companies Act 1956.
Book value as per Books (i.e. accounted for) is relevant for Wealth Tax Calculation and company made its accounts on the basis of companies act.

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