Does a land which has a factory building constructed on a major portion of it get disqualified from claiming exemption from the definintion of an asset eligible for wealth tax u/s 2(ea) on account of vacancy still existing?
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Urgent - land eligibile as an asset u/s 2(ea) -wealth tax
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No, its still eligible for the exemption.., i.e it wont be considered as asset for consideration of wealth of an assessee.. Anywz, let some real expert confirm this..
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