Wealth tax on business assests
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 June 2014
Dear experts in one of the case ITO insisting to include the car and cash in hand shown in the balance sheet of the business,apart from the cash in hand in his personnel account, in the taxable list of assets,
is it correct?
pl clarify
is it correct?
pl clarify
16 June 2014
pls provide more info like who is the assessee and what is the amount and which year etc
Rupesh Jain
(Expert)
20 June 2014
in individual business
cash exceeds rs. 50000/-will include
and car as assets also include.
cash exceeds rs. 50000/-will include
and car as assets also include.
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