Whether Letout of Commercial Office is exempt from Wealth Tax?
Taxability of letout commercial house under wealth tax act
Abhay Sakaria ([Practicing C.A.] [C.S. Final]) (283 Points)
26 April 2013
Abhay Sakaria ([Practicing C.A.] [C.S. Final]) (283 Points)
26 April 2013Whether Letout of Commercial Office is exempt from Wealth Tax?
MR. R....halpfull hand is back
(.)
(297 Points)
Replied 26 April 2013
Abhay Sakaria
([Practicing C.A.] [C.S. Final])
(283 Points)
Replied 26 April 2013
But Sec.2(ea)(i) excludes "any residential property that has been let-out for a minimum period of three hundred days in the previous year".
My doubt is whether such exclusion is available for both Residential property and Commercial purposes or for just Residential Property.
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