hello all
If land is owned by an individual and which is used for industrial purpose by the company and rent is not paid by the company to the individual is it exempt under perview of wealt tax?
ADITYA YADAV (ARTICLED ASST.) (70 Points)
26 June 2013hello all
If land is owned by an individual and which is used for industrial purpose by the company and rent is not paid by the company to the individual is it exempt under perview of wealt tax?
CA Momin Owais Ahmed
(Audit Manager)
(154 Points)
Replied 26 June 2013
Yes, it should be taken into cosideration for Wealth Tax Computation as long as it is a land
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