Wealth tax
This query is : Open
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
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.
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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
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
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