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Wealth tax

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(Querist)
22 November 2013 company have a guest house in factory whether its covered for wealth tax purpose.

and if yes guest house value will be what its land and cost of building both
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
22 November 2013 are u asking about land or building valuation ....... ur question is not clear.
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Mayanka Agrawal

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Mayanka Agrawal (Querist)
23 November 2013 guest house
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
23 November 2013 Guest house is taxable irrespective of other things as per wealth tax act- sec 2(ea) assets.
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