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Provision for Wealth Tax - Required or Not

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(Querist)
08 August 2008 A Public company has 7 cars having WDV of Rs. 1,50,76,896 as at 31.03.08. Whether Provision for Wealth Tax should be made or not.
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CA RAMESH KUMAR AHUJA

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CA RAMESH KUMAR AHUJA (Expert)
08 August 2008 Yes wealth tax payable is to be provided in the accounts.

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