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
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.
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
- ADT-3 AND ADT-1
- Leave encashment and gratuity on death of employee
- Itr .….......
- GST ON FREE SAMPLE
- Nomination son
- Regarding selling goods
- Mvat Reurn filling for Restaurant & Bar
- IRN was not generated for October-2025 Invoice but generated e waybill, now it is self identified,
- Exemption u/s 10(23C)(iiiad) by ITAT
- Advocate is authorised for formation of company as per section 7 of the company act 2013
Trending Online Classes
-
Online GST Course - Master the Fundamentals of GST with Practical Insights
Ruhi Joshirao19 January 2026
CAclubindia
