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Wealth tax on pvt ltd company

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Querist : Anonymous

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Querist : Anonymous (Querist)
20 December 2013 what is the position of the wealth tax liability in case of pvt ltd companies having depreciable assets and land on which plant is constructed also vehicle and business debtors and cash and bank balances. no other assets in held. in liability side having authorised and paid capital approx 40 lacs. than bank limit as well as unsecured loans and few current liability only.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
20 December 2013 only assets as per sec 2(ea) is taxable.

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