Wealth tax

[bhaveshformals]

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.

[CA ROHIT GARG]

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