wealth tax
This query is : Resolved
28 June 2008
1.Sec 2(ea) of wealth tax said that `` any building is treated as an asset and it includes- commercial building'' while act also said that any property in nature of commercial establishments or complexes should not be included in the assets as building. What is difference between commercial building and commercial establishments or complexes ? I don't understand when a building should be taxable and when not ?
2.If i had a shop and given on rent whether it is included in my wealth tax return as assets or not ?
2.If i had a shop and given on rent whether it is included in my wealth tax return as assets or not ?
28 June 2008
as per recent tribunal judgement,it is not ur wealth.
let's wait for other opinion.
let's wait for other opinion.
28 June 2008
as per recent tribunal judgement,it is not ur wealth.
let's wait for other opinion.
let's wait for other opinion.
29 June 2008
Commercial building is just u have given abuilding for rent. where as commercial complex or commercial establishments is like a big mall, a big complex where number of shops are established.
30 June 2008
1.Sec 2(ea) of wealth tax said that `` any building is treated as an asset and it includes- commercial building'' while act also said that any property in nature of commercial establishments or complexes should not be included in the assets as building. What is difference between commercial building and commercial establishments or complexes ? I don't understand when a building should be taxable and when not ?
2.If i had a shop and given on rent whether it is included in my wealth tax return as assets or not ?
2.If i had a shop and given on rent whether it is included in my wealth tax return as assets or not ?
17 June 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS on Consultancy- Non DTAA
- Depreciation of fixed assets- coop housing society in mumbai
- Reopen of assessment proceeding
- EXPORT BILL UNDER LUT FREIGHT CHARGE INCLUED IN INVOICE IT LIABLE TO TAX
- Gift Received from nonblood relative
- COMMERCIAL INVOICE FOR MATERIAL AND FREIGHT
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Rental income gst and it purpose
- Tax Audit u/s 44AB for Transport Business A proprietorship is engaged in transportation business and
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
