TMI BlogDetermination of net wealth of assessee - Renting of property - once the rental income from the property...Determination of net wealth of assessee - Renting of property - once the rental income from the property is treated as “business income” and the character of the asset remains as commercial establishment or commercial complex as envisaged in sub-section 5 of clause (i) of section 2(ea) of the Wealth Tax Act, the same cannot be brought into the ambit of Wealth - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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