Wealth tax
This query is : Resolved
17 November 2013
if as per definition of asset for wealth tax, building does not include residential property let out for more than 300 days in a year, then do we still calculate annual rent for the purpose of valuation of under rules 3,4 & 5. if so why..
18 November 2013
Excluded assets are not considered even for valuation as it wil not serve any purpose for wealth tax.
18 November 2013
Agree with expert,
It will not be considered in computing wealth tax...
It will not be considered in computing wealth tax...
18 November 2013
agree with Tushar
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