Wealth Tax
This query is : Resolved
S.Ramkumar
(Querist)
19 January 2008
what is meant by "COMMERCIAL ESTABLISHMENT" under Section 2(ea) of the Wealth Tax Act.
A building is used for business purpose.... whether land around the building is an commercial establishment. Portion of Land is 75% to that of building
A building is used for business purpose.... whether land around the building is an commercial establishment. Portion of Land is 75% to that of building
S.Srinivasaraghavan
(Expert)
20 January 2008
The wealth tax Act seeks to tax only those lands which are not put to use or those lands which are not those on which construction is not permissible under any law.
S.Srinivasaraghavan
(Expert)
02 October 2008
Is that clear?
S.Ramkumar
(Querist)
05 October 2008
No, Not so clear. The Land is Used as Garden and the same can be let.
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