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Wealth tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
30 November 2013 Whether Commercial Shop Letout more then 300 day consider an Assets or not in wealth tax ???
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
30 November 2013 Any property in the nature of commercial establishment is outside the perview of the definition of a house and that's why it does not form part of "Assets" for WT purpose.
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