Menu
Wealth tax query
a residential house which is let out for 300 days or more is not an asset under wealth tax act.. but I am still calculating the question in which rent is Given for whole year. if it is not an asset then why valuing the asset?
Replies (1)
hehe...nice logic... but unfortunately ICAI will not agree to this. To them this rent is actually FMV/Annual municipal value of the house.
Recent Threads
- What's CGAS?
- A Comprehensive Guide to Modern Digital Marketing
- Income tax status
- Demand raised for 'Self assessment tax' amount AY2
- TDS payment using Form 26QB when buying property o
- Export sales not realised payment not received fro
- RCM related queries
- Negative Export Value in GSTR 3B
- Income tax intimation -AY 24-25
- Tax Implications of Alumni Union (R) under Society
Related Threads
CAclubindia
