Valuation of Car for Wealth Tax Purpose
This query is : Resolved
07 September 2009
Can you please advise how to work out value of cars for Wealth Tax compution?
07 September 2009
Method 1 adopt the insurance value.
Method 2 get a valuation certificate from the valuer.
Method 3 Your Book value is the value that can be adopted for wealth tax puprose.
Method 2 get a valuation certificate from the valuer.
Method 3 Your Book value is the value that can be adopted for wealth tax puprose.
07 September 2009
I think method 1 is not right. Just take book value and if u r not provided depreciation then take certificate from valuer.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- ITC temporary reversal and reclaim
- TDS U/S. 194NF
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Import license renewal
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
