Wealth tax on factory building

YES,

       Factroy + land

Once a building is Constructed on a Land it NO MORE remains land under Wealth Tax Act,

Thus no question of taxing Land

but sir i heard that factory building is exempt as per wealth tax act as factory can be a building used for

business purpose and also only the land appurtenant thereto the building would be exempt.  but in the

case here the land is a rural land in which this factory is situated. So i wanted to know whether the land 

in which this factory is located would be exempted.

There r some exceptions to the chargeability of bulding to welth tax. One of the exception is property in the nature of commercial establishments or complexes. Therefore factory buildings is not assets within the meanning of Sec 2(ea) of the welth tax.

Ok thank u rashid sir.... but i am still confused about the land in which this factory building stands...

can it be claimed as exemption as a rural land???