https://www.taxtmi.com/circulars?id=8818 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). en-us Mon, 24 Jan 1972 00:00:00 +0530 Fri, 27 May 2011 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8818 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). Circulars Income Tax Mon, 24 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8818