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Wealth tax

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02 March 2015 As wealth tax is abolished in 2015 Budget, so wud they ask questions on W.T in ICMAI final exam to be held in June 2015???
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
02 March 2015 Yes they may ask. Since it is still a part of the syllabus under applicable AY 2015-16.
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CA Parul Saxena

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CA Parul Saxena (Expert)
02 March 2015 In case of companies also super rich surcharge would be levied @ 2% instead of wealth tax???



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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
03 March 2015 Yes on Companies too. Effective rate of Surcharges 7%. Check out page No 10 from below link:

https://drive.google.com/file/d/0B6WS9GQxf3bCazZGS2hlYzNUUEE/view

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