Taxability of assets in case of wealth tax
This query is : Resolved
20 September 2011
Dear All,
Want to know whether Land & Buildings held by a manufacturing co, which is used for manufacturing activities is taxable under Wealth Tax.
Buildings also includes Guest House, Manufaturing units etc.
This is a urgent . So please help me out
Thanks in Advance.
Regards
Hitesh
Want to know whether Land & Buildings held by a manufacturing co, which is used for manufacturing activities is taxable under Wealth Tax.
Buildings also includes Guest House, Manufaturing units etc.
This is a urgent . So please help me out
Thanks in Advance.
Regards
Hitesh
20 September 2011
"House" occupied for the purpose of business or profession is not an asset as envisaged in Section 2(ea)
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
- Post Office RD Interest
- Building and other construction workers welfare cess act 1996
- Eway bill for machinery reparing
- Applicable TDS for Purchase of Flat from NRI
- Bank Accounts in Balance Sheet for ITR 3
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Form 10BD Filling
- Annual return of gst limit
- TDS ON CASH WITHDRAWALS...
- ITR Filing Requirement for Partnership Firm Registered but Business Not Commenced
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
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
