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wealth tax

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(Querist)
18 July 2011 if the owner of commercial establishment or complexes is given on rent then what is the tax effect on his wealth . whether it is an assets in the hand of owner.
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
18 July 2011 A commercial establishment is never an assets(for wealth tax act ) , whether given on rent or not

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