State with reasons whether the following constitute an asset chargeable under the Wealth-tax Act, 1957 in the hands of ABC Ltd. : Cash in hand ₹5,00,000 as per cash book.

CS Executive · Tax Laws and Practice · PYQS · June 2014
State with reasons whether the following constitute an asset chargeable under the Wealth-tax Act, 1957 in the hands of ABC Ltd. : Cash in hand ₹5,00,000 as per cash book.

Topics: Wealth Tax

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