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Wealth tax

This query is : Resolved 
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(Querist)
26 December 2013 Dear Sir,

How to Value Motorcar(Personal) for wealth tax purpose?

Can we take Wdv as per income tax for valuation purpose on valuation date.....?

Can we File belated Wealth Tax Return online or not ?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
02 January 2014 Motor car is to be valued at the market value.

The best way to compute market value is to take the insured value of the motor vehicle as per the latest insurance policy.

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