Whether Guest House is considered as wealth while computing Wealth of a Company
if some rooms are given for residential purpose of its employees having remuneration less than Rs.20,000?
Menu
Wealth tax doubt
Replies (1)
In my view, in such a situation, the portion occupied by such full time emloyees , may not be treated as an asset. The proportionate value based on total area may be excluded from the total value of the asset.
Recent Topics :
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
Related Topics :
CAclubindia
