Liability of wealth tax

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..... Liability of wealth tax
Query (Issue) Started By: - ANCHAL RASTOGI Dated:- 3-11-2007 Last Reply Date:- 19-11-2007 Income Tax
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Income Tax
A company has been alotted a land by a .....

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..... local authority to construct a shopping mall. A company incorporate a B company and trf. land to new company to construct mall. B company incorporated in F Y 2006-2007 and construction of mall started .....

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..... in f y 2007-2008. my query is that: whether the company B is liable for wealth tax on land for the f y 2006-2007 or not? there are if any case law. pl provided thanx Reply By dayashankar: The Reply: .....

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..... As it appears from ur query as SIT, if it as such then it is not taxable and if it as capital assets then it is taxable
Discussion Forum - Knowledge Sharing .....

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