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wealth tax

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19 November 2010 1.how are the assets valued under wealth tax for company as well individual assessee.

Whether we take at fair market value OR some other basis.

2.in case of death of assessee who will be responsible for return filing under wealth tax Act.
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CA Sanat Pyne

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CA Sanat Pyne (Expert)
20 November 2010 FAIR MARKET VALUE WILL BE CONSIDERED.

IN CASE OF DEATH, ASSESSEE,S LEGAL REPRESENTATIVE WILL FILE THE RETURN.

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