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Easy Office

Wealth tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
19 January 2014 Whether a Building owned by the director of a company, used as the office of the said company is an asset under sec 2(ea)of the Wealth Tax Act?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
19 January 2014 If it is one and only building owned by the director then NO otherwise yes as one building is exempted whether it is residential or commercial immaterial.

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