what is assets under wealth tax?????
This query is : Open
29 December 2009
Is Factory godown/premises given on rent an asset under wealth tax?
29 December 2009
Dear Hetal
U/s 2(ea) of wealth Tax, the land which are using for Business is not treated as Assest but however in your case Factory land is not used by you but u Rented it therefore it is Asset however you can take exemption u/s 5(vi) if it admeasuring 500 mtrs. or less
U/s 2(ea) of wealth Tax, the land which are using for Business is not treated as Assest but however in your case Factory land is not used by you but u Rented it therefore it is Asset however you can take exemption u/s 5(vi) if it admeasuring 500 mtrs. or less
29 December 2009
agree
29 December 2009
agree
30 December 2009
Agree
03 January 2010
Shahzad is right
03 January 2010
Agree with shahzad.
08 January 2010
question is modified please reply
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