Easy Office
LCI Learning

what is assets under wealth tax?????

This query is : Open 
Profile Image

Profile Image

(Querist)
29 December 2009 Is Factory godown/premises given on rent an asset under wealth tax?
Profile Image

CA.SHAHZAD SAYYED

Profile Image

CA.SHAHZAD SAYYED (Expert)
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
Profile Image

ANIL JANGID

Profile Image

ANIL JANGID (Expert)
29 December 2009 agree
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Murtaza I Bhagat

Profile Image

Murtaza I Bhagat (Expert)
29 December 2009 agree
Profile Image

NEHA SARAF (Mcom, CA , CS)

Profile Image

NEHA SARAF (Mcom, CA , CS) (Expert)
30 December 2009 Agree
Profile Image

Vishnu Saboo

Profile Image

Vishnu Saboo (Expert)
03 January 2010 Shahzad is right
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
03 January 2010 Agree with shahzad.
Profile Image

CA HETAL DEDHIA

Profile Image

CA HETAL DEDHIA (Querist)
08 January 2010 question is modified please reply
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links