Rented Premises in Wealth Tax: Revenue-Yielding Assets u/s 2(ea)(i), Excluding Commercial Establishments or Complexes as Assets.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Inclusion of rented premises into wealth tax assessment - revenue yielding asset - section 2(ea)(i) nowhere requires that a commercial establishment or a complex could not be established in a house property but only provides that any property in the nature of commercial establishment or complex shall be excluded from deemed asset - AT....