valuation of car

 

how to revalue the motor car in terms Wealth Tax purpose

say if the same is purchase three years ago for Rs. 5 Lacs now calculating the wealth tax what amount to be added for car for the Assesment year 2010-11.

 

pl. some one reply.

Replies (1)

take WDV of car as per income tax if doing business

els take its market value....

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