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Wealth tax

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(Querist)
19 January 2013 What is the treatment of cash in hand while computing netwealth of a firm? (For apportion among partners)
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CA Neha Chauhan

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CA Neha Chauhan (Expert)
19 January 2013 Dear,

Recorded cash is not a taxable under a wealth tax only unrecorded cash is taxed under wealth tax

Regards,
Neha Chauhan

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