Wealth tax on pvt ltd company
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2013
what is the position of the wealth tax liability in case of pvt ltd companies having depreciable assets and land on which plant is constructed also vehicle and business debtors and cash and bank balances. no other assets in held. in liability side having authorised and paid capital approx 40 lacs. than bank limit as well as unsecured loans and few current liability only.
20 December 2013
only assets as per sec 2(ea) is taxable.
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