guys,
how can u value a motor car for wealth tax purposes??
is it the WDV as per companies act or is it WDV as per IT act which has to be considered.
Awaiting a rply ASAP.
Rehbar Siamwala
(Sr. Executive Taxation)
(112 Points)
Replied 20 September 2011
WDV as per IT Act should be considered for valuation of motor car as per IT Act.
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