Yash owns a house built on land area of 420 sq. meters. The value of the house is ₹35,00,000. Under the Wealth-tax Act, 1957, assuming that it is an 'asset' as per section 2(ea), the house would be
CS Executive · Tax Laws and Practice · PYQS · June 2015
Yash owns a house built on land area of 420 sq. meters. The value of the house is ₹35,00,000. Under the Wealth-tax Act, 1957, assuming that it is an 'asset' as per section 2(ea), the house would be
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Wealth Tax
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