WEALTH TAX AT A GLANCE

Rahul Ramesh , Last updated: 07 December 2009  
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WEALTH TAX AT A GLANCE Wealth Tax Act came into force on 1st April 1957. It is applicable to the whole of India. Under this Act tax is charged at the rate of 1%on the amount by which the net wealth of the assessee exceeds rupees fifteen lakhs on the valuation date. Only an Individual, Hndu Undi

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Published by

Rahul Ramesh
(CA Final, BCom, MBA)
Category Income Tax   Report

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