CHARGING OF DEPRECIATION FOR WEALTH TAX
This query is : Resolved
16 September 2008
KINDLY TELL ME THAT ,IN ORDER TO MAKE VALUATION OF ASSETS FOR WEALTH TAX PURPOSE, WE ARE SUPPOSED TO TAKE DEPRECIATION AS PER INCOME TAX ACT OR AS PER COMPANIES ACT???
16 September 2008
DO YOU WANT TO VALUE THE ASSETS OF A COMPANY FOR WEALTH TAX PURPOSE.PL SEE SECTION 3(2) AND RULES IN PART B OF SCHEDULE 111. YOUR QUESTION IS NOT CLEAR THAT IS WHY I REFERRED THE SECTION AND RULES FOR YOUR FURTHER REFERENCE.
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