Hiiiiiiii......
Can somebody tell me whether the business assets of a proprietary concern should be taken and valued along with the valuation of assets of the proprietor while filing the wealth tax return of the proprietor???????????
Hiiiiiiii......
Can somebody tell me whether the business assets of a proprietary concern should be taken and valued along with the valuation of assets of the proprietor while filing the wealth tax return of the proprietor???????????
YES , since status of proprietor of is not different from individual identity as per wealth tax act and is not a separate person so you need to give details of bussiness assets as well as only return will be filed under the wealth tax act .
But how shud i value these assets???????
Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CAclubindia
