Wealth Tax


This query is : Resolved 

21 March 2008 IF I have alnd on which I have built a commercial complex & rented add to my wealth?
Will a motor car registered in the name of my partnership firm add to my wealth?

21 March 2008 no, motor car will not be added in ur wealth. it will be included in firm's wealth

21 March 2008 will the firm have an additional 15 lakh limit?

21 March 2008 as per jaipur tribunal's judgement in 2007 ,the rented commercial complex will not be the wealth.


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