Wealth tax Applicability.

Prashant Ramesh Surve (Querist) 17 March 2009 This query is : Resolved
Under a construction Business, If A Builder make a Development Agreement & POA with Land Owner for certain amount for more than 10 years & treated in his book as Stock in trade. The ownership of that land is with Land Owner or with Builder? Who is liable to pay wealth tax on that land? Land is urban Land having todays market value of 35 lakhs.

Thanks in Advance.

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