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wealth tax

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(Querist)
21 December 2009 whether land & bdg both are assessed separately in wealth tax?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 December 2009 In a situation where rule 111 valuation is impracticable, separate valuation for building and land will be considered for assessement purpose.
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student

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student (Querist)
21 December 2009 sir rule 111A valuation relates to what?b/c in wealth tax rule the rules till rule 20
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
21 December 2009 Regret for the mistake. It is not rule 111. May be read as Schedule III. That schedule contains 21 rules containing methods to value assets for Wealth tax purposes.
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