Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

Wealth tax query Nov 2011

Suraj Agarwal (Self Practitioner in Income Tax & GST) (782 Points)

15 November 2011

Whether Loose Diamonds are covered under the definition of Assets u/s 2 (ea) of Wealth Tax Act ??

Reply
Follow
Share

3 Replies

CA Ghanshyam Joshi (CA, Dip IFR (ACCA UK)) (3229 Points)
Replied 15 November 2011

IT COVERS UNDER JEWELLERY - JEWELLERY INCLUDES - (2) PRECIOUS OR SEMI-PRECIOUS STONES, WHETHER OR NOT SET IN ANY FURNITURE, UTENSILS OR OTHER ARTICLE OR WORKED OR SEWN INTO WEARING APPAREL.

1 Like

CA,CMA,CS Karan Gogia (Employed) (230 Points)
Replied 15 November 2011

yes!!!

nicely explained by Mr. Joshi.....

Suraj Agarwal (Self Practitioner in Income Tax & GST) (782 Points)
Replied 15 November 2011

Originally posted by : sdjhiewuh
	Click on our website: ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )===== 50%Discount summer fashion :Sandle,t-shirt,caps,jerseys,handbag and brand watches!!! $30 Air Jordan shoes,Shox shoes,Gucci,LV shoes $33 True Religion jeans, Ed Hardy jeans,LV,Coogi jeans,Affliction jeans $15 Ed Hardy ,LV ,Gucci Bikini $15 Polo, Ed Hardy, Gucci, LV, Lacoste T-shirts $25 Coach,Gucci,LV,Prada,Juicy,Chanel handbag, $10 Gucci,Ed Hardy sunglasses $9 New Era caps. ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )===== ====( https://www.fullmalls.com )=====