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Wealth tax

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(Querist)
04 May 2015 Dear Members,

I want to know if Company A cash balance in his Balance sheet between 60.00 lacks and 70.00 lacs then what is the Wealth Tax Treatment.

Regards
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 May 2015 There is no wealth tax on the company for cash recorded in the books of account.
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
04 May 2015 It will not b treated as an asset
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