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
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