what is assets under wealth tax?????


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

29 December 2009 agree


29 December 2009 agree


03 January 2010 Shahzad is right

03 January 2010 Agree with shahzad.

08 January 2010 question is modified please reply




You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries