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Wealth tax

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28 January 2015 wheather there is levy of wealth tax on gold biscuits or gold bricks

28 January 2015 It can be levy under section 2(ea) of the Wealth Tax Act, 1957 if it is not used as stock-in-trade.

28 January 2015
Yes, Wealth tax is levied on gold biscuits & gold bricks.

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