Wealth tax on factory building

This query is : Resolved

Gopal Suthar (Querist)
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26 August 2011 Individual owning a self constructed factory building at Silvassa, given on rent to a Pvt. Ltd. Company in which he having shares and director also.
What will be the Wealth Tax implications on such factory building ?(In individuals hands)
i.e. Whether it is not an asset or it is asset but exempt or it is taxable.
Waiting for reply.
thanks in advance...

Gopal Suthar

Gopal Suthar (Querist)
Follow

29 August 2011

Individual owning a self constructed factory building at Silvassa, given on rent to a Pvt. Ltd. Company in which he having shares and director also.
What will be the Wealth Tax implications on such factory building ?(In individuals hands)
i.e. Whether it is not an asset or it is asset but exempt or it is taxable.
Waiting for reply.
thanks in advance...