Wealth tax clarifiaction required
This query is : Open
30 January 2014
Dear Sir,
if an person have 3 buildings
1 - is used for own occupation
2 & 3 - property's are given to lease to finance companys.
under section 2 ea the leased propertys are expemted.
please clarify these are exempted are not.
if an person have 3 buildings
1 - is used for own occupation
2 & 3 - property's are given to lease to finance companys.
under section 2 ea the leased propertys are expemted.
please clarify these are exempted are not.
30 January 2014
No, leased properties are taxable according to its calculation depends period of lease.
30 January 2014
could you please clarify some more on it.
if you are saying that its calculation is depend upon lease period.
if vacant site is also taxable or not, if it is given to lease.
under wealth tax
if you are saying that its calculation is depend upon lease period.
if vacant site is also taxable or not, if it is given to lease.
under wealth tax
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