Liability of wealth tax

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... A company has been alotted a land by a 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 200 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 6-2007 and construction of mall started 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 .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... thanx - Reply By dayashankar - The Reply = 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 - Liability of wealth tax - Query S .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tarted By: - ANCHAL RASTOGI Dated:- 3-11-2007 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanage .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... mentindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X