Wealth Tax
This query is : Resolved
01 December 2008
I purchased a Motor Car Rs. 4 lacs on 1.4.2007 for my personal use. I have taken this amount F.Y.07-08 for the calculation of Wealth Tax. do I have to take this same amount(Rs. 4 lacs) next all F.Y. till dispose of car for Calculation of Wealth Tax of Individual?
01 December 2008
it should be market value as on valuation date.
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