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Wealth Tax

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(Querist)
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?
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Jitender

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

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Sachin (Querist)
21 March 2008 will the firm have an additional 15 lakh limit?



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Jitender

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

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