Menu
Wealth tax query
a residential house which is let out for 300 days or more is not an asset under wealth tax act.. but I am still calculating the question in which rent is Given for whole year. if it is not an asset then why valuing the asset?
Replies (1)
hehe...nice logic... but unfortunately ICAI will not agree to this. To them this rent is actually FMV/Annual municipal value of the house.
Recent Topics :
- APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
- Advance for supply of goods
- Question for members: how do you manage client doc
- Clarification Required on Invoicing and Receipt of
- SEBI Registered VS NSDL Registered RTA
- Income tax or capital gain tax for Resident Indivi
- PCIT-1 Thane Email address
- CA Fees deduction for non audit case allowed?
- 5th Letter PAN Mismatch with Surname issues still
- Criteria to hire an article
Related Topics :
CAclubindia
