wealth tax calculation
This query is : Resolved
11 July 2009
please urgently tell me that,
if an individual has flats, agri. land ,urbal land,etc. Than whether purchase value (cost) is relevant or market value for wealth tax calculation.
If market value, than how to ascertain that in real life since assessee is a individual.
amount involved is about 1.70 crore.
please tell me some expert opinion.
if an individual has flats, agri. land ,urbal land,etc. Than whether purchase value (cost) is relevant or market value for wealth tax calculation.
If market value, than how to ascertain that in real life since assessee is a individual.
amount involved is about 1.70 crore.
please tell me some expert opinion.
12 July 2009
see welath tax is calculated on the basis of value recorded in the balance sheet of an individual.
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