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Wealth Tax

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(Querist)
11 December 2008 How can calculate the wealth tax on vehicles(car)when those are using in business and admissible depreciation?
pls tell me which value to be compared with WDV of vehicle?

Pls reply me argently
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Ravikumar.G

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Ravikumar.G (Expert)
12 December 2008 Sch III or Rule 20 value is not more than 20% of WDV, adopt WDV only.

Sch III or Rule 20 value is more than 20% of WDV, adopt Sch III or Rule 20 Value.
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