wealth tax caculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 June 2010
if municipal vakuation of a property(asset) is Rs.100000/-and rent recevied is Rs.900000/- whether municipal valuation can be considered for wealth tax purpose?
04 June 2010
dear ????,
U have not mentioned whether it is a residential house or complex. Also if it is a residential house is let out for than 300 days then it is not an asset chargeable to wealth tax u/s 2(ea).
U have not mentioned whether it is a residential house or complex. Also if it is a residential house is let out for than 300 days then it is not an asset chargeable to wealth tax u/s 2(ea).
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 June 2010
the person is an Individual and has let-out residential house property
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