Wealth tax
This query is : Resolved
MANAN PARIKH
(Querist)
26 December 2013
Dear Sir,
How to Value Motorcar(Personal) for wealth tax purpose?
Can we take Wdv as per income tax for valuation purpose on valuation date.....?
Can we File belated Wealth Tax Return online or not ?
How to Value Motorcar(Personal) for wealth tax purpose?
Can we take Wdv as per income tax for valuation purpose on valuation date.....?
Can we File belated Wealth Tax Return online or not ?
02 January 2014
Motor car is to be valued at the market value.
The best way to compute market value is to take the insured value of the motor vehicle as per the latest insurance policy.
The best way to compute market value is to take the insured value of the motor vehicle as per the latest insurance policy.
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