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?
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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.
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