Wealth tax
This query is : Resolved
VENKATA SURESH BABU
(Querist)
04 May 2015
Dear Members,
I want to know if Company A cash balance in his Balance sheet between 60.00 lacks and 70.00 lacs then what is the Wealth Tax Treatment.
Regards
I want to know if Company A cash balance in his Balance sheet between 60.00 lacks and 70.00 lacs then what is the Wealth Tax Treatment.
Regards
CA PARAS BAFNA
(Expert)
04 May 2015
There is no wealth tax on the company for cash recorded in the books of account.
.
.
Message likes :
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CA AnKiT BoHrA (AB)
(Expert)
04 May 2015
It will not b treated as an asset
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