hello, one of our clients is subject to Tax Audit so obv. he maintains books of accounts properly.
He is also subject to wealth tax.He has two motor cars.
How is motor car valued for wealth tax purpose ??
According to insured value or WDV basis ??Also he uses motor car for both
personal and business purposes.
Please elaborate and help me.
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Wealth Tax Query
Replies (1)
Market value.
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