Leasehold property as asset
This query is : Resolved
18 July 2013
An assessee has taken a land on lease for 25yrs situated in baroda(gujarat).
wheteher that land forms part of your asset for wealth tax Act purpose?
whether he has to pay wealth tax on it?
Lease period is from 1972 to 1995
wheteher that land forms part of your asset for wealth tax Act purpose?
whether he has to pay wealth tax on it?
Lease period is from 1972 to 1995
18 July 2013
Yes it will be included in assets provided that other condition for being asset u/s 2(e)
is satisfied.
is satisfied.
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