valution of motor car as per section 2(ea)
This query is : Resolved
09 December 2010
my question is whether motor car should be valued at WDV as per Income Tax or at market value or at amount recorded in books as per Wealth Tax Act?
09 December 2010
Generally done as per WDV as per Income Tax Act but i think it could be done as per insurance value of the car also.
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