https://www.taxtmi.com/manuals?id=340 A member allotted or leased a building or part under a house building scheme is deemed the owner and the value of that building or part is included in the assessee's net wealth. In determining that value, outstanding instalments payable under the scheme towards the cost of the building and appurtenant land are to be deducted as a debt owed by the assessee, irrespective of how those amounts are described in the scheme. en-us Sat, 19 Jan 2008 23:16:00 +0530 Sat, 19 Jan 2008 23:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=340 A member allotted or leased a building or part under a house building scheme is deemed the owner and the value of that building or part is included in the assessee's net wealth. In determining that value, outstanding instalments payable under the scheme towards the cost of the building and appurtenant land are to be deducted as a debt owed by the assessee, irrespective of how those amounts are described in the scheme. Manuals Wealth-tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=340