Inclusion of cash in the wealth tax assessment - cash in hand ...

Wealth Tax Section 2(ea)(vi): Personal Cash Only, Excludes Business Assets in Assessment.

February 16, 2019

Case Laws Wealth-tax AT

Inclusion of cash in the wealth tax assessment - cash in hand referred to in section 2(ea)(vi) represents only the personal cash of the assessee emanating from his personal balance sheet. It nowhere contemplated the inclusion of cash which is held as business asset.

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Inclusion of cash in the wealth tax assessment - cash in hand ...

Wealth Tax Section 2(ea)(vi): Personal Cash Only, Excludes Business Assets in Assessment.

February 16, 2019

Case Laws Wealth-tax AT

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