13 February 2010
Dear sir As we all know a vacent plot of land is taxable asset under wealth tax.. my quiry is that i have purchase one plot of land in 1995 and know i have to file wealth tax return...... for this i have to mention the value of the plot in the calculation of total wealth...... So which value i should show is it the purchase cost or the current market value certified by the valuation officer....... if i need to get it certified by the valuation officer who will be the eligible valuation officer for the same.... kindly reply early its urgent......
CAclubindia
