FOUR WHEELER PUCHASED - WEALTH TAX
This query is : Resolved
01 April 2008
INNOVA PURCHASED IN THE NAME OF COMPANY ON THAT WEALTH TAX EFFECTED OR NOT?
Sanjeev Kumar Sharma
(Expert)
01 April 2008
yes if including the innova with other vehicles value more than 15,00,000 after deducting the loan amount outstanding in the year
CA. Amit Daga
(Expert)
01 April 2008
ya its
CA Praveen Chopra
(Expert)
01 April 2008
Yes if it is not used by the company for running it on hire.
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