Avail 50% discount on All CS & CMA subjects for Dec batch . Use coupon code Dec14

×
Home > Experts > Income Tax > wealth tax on motor car


Please Wait ..

Sign-in to your account


Username:
Password:

Remember Me

Forgot your password?

Sign-up now



Join CAclubindia.com and Share your Knowledge. Registered members get a chance to interact at Forum, Ask Query, Comment etc.


wealth tax on motor car (Income Tax)

Report Abuse
This query is : Resolved



( Author )
30 April 2008

While calculating wealth tax on motor car by insured value method whether 20% should be reduced?


CA Hemant T Dewani

( Expert )
01 May 2008

when you are calculating motor car in wealth tax closing balance sheet value should be taken not 20% less value
u/s 2(e)(a)


Sanjeev Kumar Sharma

( Expert )
01 May 2008

yes i agree with mr hemant dewani


Previous

Next

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


Click here to login ( Members Login ) now


Similar Resolved Queries :









submit










Quick Links





back to the top