FOUR WHEELER PUCHASED - WEALTH TAX

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harshit (Querist)
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01 April 2008 INNOVA PURCHASED IN THE NAME OF COMPANY ON THAT WEALTH TAX EFFECTED OR NOT?

Sanjeev Kumar Sharma (Expert)
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01 April 2008 yes if including the innova with other vehicles value more than 15,00,000 after deducting the loan amount outstanding in the year

CA. Amit Daga (Expert)
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01 April 2008 ya its

CA Praveen Chopra (Expert)
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01 April 2008 Yes if it is not used by the company for running it on hire.

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