Right to receive professional fees: outstanding fees on valuation date subject to wealth tax despite cash accounting. The right of a chartered accountant, doctor, lawyer or other professional to receive fees is a right to property and an asset within section 2(e) of the Wealth Tax Act; fees outstanding on the valuation date are liable to wealth tax even where the assessee maintains accounts on a cash basis, and the W.T. Officer may have regard to the balance sheet as on the valuation date under section 7(2)(a).