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Wealth-tax - Highlights / Catch Notes

Home Highlights May 2016 Year 2016 This

The cars used in the business are considered as productive and ...

Wealth-tax

May 16, 2016

The cars used in the business are considered as productive and should be treated similar to ‘plant and machinery’. In our view, these cars are not assets u/s 2(ea)(ii) of the Wealth Tax Act - AT

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