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Wealth tax

Started by bhaveshformals, August 07, 2008, 04:59:04 PM

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Dear all

Under the wealth tax the valuation of depreciable assets is given below

(i)    in the case of an asset on which depreciation is admissible, its written-down value;

My query is that the written down value should be as per the Income tax act or as per the books of accounts?

Bhavesh Savla
Keep smiling.


The value to be adopted would be the WDV as per the books of account