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???????????
Menu
Wealth tax Valuation
Replies (2)
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???????
Recent Threads
- LTCG Tax & Indexation on Debt Mutual Funds Sol
- Section 45(5A) and 194IC with carry forward of tds
- Paid tax amount, CIN generated and challan downloa
- INTRADAY INCOME PRESUMPTIVE INCOME
- Clarification on Deemed Export Status for EOU-to-E
- LTCG Tax on property
- Short term gain in itr2, missing 111A
- Errors in ITR Filing: Minimum One Character Requir
- Which ITR Opt
- Employer Details for NRI
Related Threads
CAclubindia
