Wealth tax


26 July 2012 Dear Friends,
My company taken Loan form bank for power project and company having wdv of motor car Rs. 45,00,000,
so my question whether loan taken for project is cover under "debts own' by assesses for the purpose Car valuation under wealth tax act as prorata base. If yes then how to compute my wealth regarding car

27 July 2012 No. The loan is PROJECT loan and not vehicle loan.

27 July 2012 Thanks Amol Ji but please give me any case
law for satisfaction of same because same
answer was given by me but without having
any case law i am helpless to satisfy to management,
Please send me some case law for




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries