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Wealth tax

Atul Shah (Accountant) (33 Points)

27 December 2016

In the ass. year 2008-09 my gold jewelry was within the exemption limit of wealth tax. In the Ass, year 2012-13 the same jewellery cross the limit of wealth tax exemption limit. Now there is no wealth tax. I am required to file wealth tax return for A.Y. 2012-13?

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4 Replies

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 27 December 2016

Belated return of Wealth Tax for Assessment year 2012-13, cannot be filled now. Its last date of submission was 31.03.2014.

Atul Shah (Accountant) (33 Points)
Replied 27 December 2016

Originally posted by : Dhirajlal Rambhia
	Belated return of Wealth Tax for Assessment year 2012-13, cannot be filled now. Its last date of submission was 31.03.2014.

even i am prepared to pay wealth tax with delayed charges and interest charges??? What action dept. may take for such mistake

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (160322 Points)
Replied 27 December 2016

Department will not accept any wealth tax return of AY 2012-13, now; online or offline. If sincere to file, you can directly inquire with your ITO for same.