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Property in joint name and implications of wealth tax.

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(Querist)
23 September 2016 Husband A and his Wife B purchase a Flat (50% share each). After 2 years wife B and her husband A purchase another Flat (50% share each).
In this scenario what are the implications of Wealth Tax for both of them?
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CA Sumiit B Nagpal

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CA Sumiit B Nagpal (Expert)
23 September 2016 Wealth tax has been discontinued w.e.f. AY 16-17

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