IMPLICATION OF WEALTH TAX ON INDUSTRIAL LAND
This query is : Resolved
PARSURAM BAISAKH
(Querist)
19 February 2008
A public sector company has acquired a huge land from the state govt., where the company has set up its plat, staff quarter,recreation club & park,guest house and others. Keeping to the various provision laid down in the income tax act,any body can explain the applicability of wealth tax act for calculation of wealth tax on such industrial land those have already used for staff quarter , guest house and those have remain vacent for future development.
CA. Kirti S. Ganatra
(Expert)
20 February 2008
Industrial/ Commercial Property is exempt in Wealth Tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Missed uploading GST Invoice
- Due date for filing return for the partner in partnership subjected to Tax Audit
- GST on reimbursement of expenses
- Query on effect of registration of property
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Additional trade name
- Visiting card purchase
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
