Inclusion of aircraft in the wealth tax assessment - ...

Aircraft Used in Business Exempt from Wealth Tax in Co-ownership Cases per Section 2(ea)(iv) of Wealth Tax Act.

January 12, 2016

Case Laws Wealth-tax AT

Inclusion of aircraft in the wealth tax assessment - co-ownership of the aircraft - value of aircraft, which is used in the assessee’s business, cannot be included in taxable wealth and the exception provided u/s.2(ea)(iv) of the Wealth Tax Act is attracted. - AT

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Inclusion of aircraft in the wealth tax assessment - ...

Aircraft Used in Business Exempt from Wealth Tax in Co-ownership Cases per Section 2(ea)(iv) of Wealth Tax Act.

January 12, 2016

Case Laws Wealth-tax AT

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