Tax on the wealth of partner
This query is : Resolved
23 July 2013
Whether Furniture and Fixture(A.C, Computers, Electronic Equipment, Fridge, Two Wheeler) of the Partnership Firm is Taxable in the Hands of the Partners under the wealth Tax Or Is It not Taxable As it is not covered under the assets defined u/s 2ea of the Wealth Tax.
23 July 2013
Any assets not covered under sec 2(ea)of wealth tax act is not to be included in individual partners wealth tax return.
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
- CAPITAL GAIN BASE ON NOTIFICATION
- Form 140 tds
- ADVANCE PAYMENT OF ADVOCATE
- Unregistered suppliers utility
- NRI starting business in India
- ITDS U/S.194T of Firm
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- UNWANTED CREDIT BALANCE OF GST AS PER BOOKS
- Capital gain on sale and purchase of plot
- Eway bill not cancelled within 24 hous what can be due
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- CREDIT NOTES WITHOUT GST
- Taxable or Tax exempt
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
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
