22 January 2009
1) Wheather wealth tax is applicable on shops which is not used by assessee for business purpose? 2) Wheather wealth tax is applicable on commercial building which is not used by assessee for business purpose? 3) Wheather wealth tax is applicable on commercial building which is given on rent? 4) Wheather wealth tax is applicable on shops which is given on rent?
Guest
Guest
(Expert)
16 January 2011
All commercial assets other than business assets are taxable assets for the wealthtax purposes.
CAclubindia
