Wealth Tax
This query is : Resolved
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
Amount borrowed against gold, invested in a partnership firm by partner is considered while calculating Net wealth of partner.
Thanks
Regards
Aditya
10 July 2010
while calculating individual networth of the person the borrowed amount can be deducted from the investments
10 July 2010
AGREE WITH EXPERT.
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