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wealth tax

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(Querist)
30 June 2009 Meaning of commercial estabilshments or complexes under wealth tax act. Is only big malls will be included in it or small markets of 5-6 shops are also included in this
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
14 March 2012 Commercial establishments cover all establisments used for commercial purpose.

How to ascertain whether the establishment is a commercial establishment or not?

From the electricity bill. Commercial connections are separate.

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