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.
Menu
Wealth Tax Query
Replies (1)
Market value.
Recent Topics :
- Hi experts needed some help
- Gift of Immovable Property u/s 92 of Income Tax Ac
- NSE BSE Pre-open session changes from 7 September
- Financial statements for non corporate entities
- Hi experts need some help
- Is SAP FICO a good career option for finance and a
- Direct Cost booking
- TDS on Property Purchase Paid
- Cash Purchase Above ₹10,000, ITR/40A(3) Trea
- TDS on dividend to non resident shareholders
Related Topics :
CAclubindia
