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Wealth Tax

This query is : Resolved 
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(Querist)
10 July 2010 Dear Experts,

Amount borrowed against gold, invested in a partnership firm by partner is considered while calculating Net wealth of partner.

Thanks

Regards

Aditya
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CA.Mini

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CA.Mini (Expert)
10 July 2010 while calculating individual networth of the person the borrowed amount can be deducted from the investments
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
10 July 2010 AGREE WITH EXPERT.
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