TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Rule 2B of Wealth Tax Rules 1957, governing asset value adjustments, omitted from April 1, 1989.</h1> Rule 2B of the Wealth Tax Rules, 1957, which governed adjustments in the value of assets disclosed in the balance sheet, was omitted effective April 1, 1989. Prior to its omission, Rule 2B specified that the value of an asset in the balance sheet was determined by its written down value if depreciation was applicable, its book value if no depreciation applied, or the value used for income tax assessment for closing stock. If the market value exceeded these values by more than 20%, the market value was used for assessment purposes.
TaxTMI 
TaxTMI 
