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wealth tax

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(Querist)
10 February 2009 Sir,
I want to know that in valuation of Net wealth in Accordance of wealth tax act should We recognise Tractor in valuation or not?
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CA. B.SRINIVASULU

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CA. B.SRINIVASULU (Expert)
10 February 2009 Tractor need not be considerd as wealth under wealth tax act.

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