query on wealth tax
This query is : Resolved
04 September 2008
whether the assets used for the purpose of business or profession to be included in calculation of net wealth of assesee?
Sch-III specifies the valuation method to be adopted to value the assets.What about the assets which are not covered in sch-III like motor car,land.
Sch-III specifies the valuation method to be adopted to value the assets.What about the assets which are not covered in sch-III like motor car,land.
05 September 2008
Value of cars used in a business is definitely a part of taxable wealth of that enterprise.
05 September 2008
Please give list of Assets & applications of same to determine exactly
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