Basic concept on Wealth Tax

Suresh Prasad , Last updated: 03 September 2010  
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Wealth Tax Basic Concept Applicability: whole of India from 1st April, 1957. Chargeability: On net Wealth of individual, HUF Company @ 1% in excess of Rs. 3,00,000 on Valuation Date. Valuation Date: 31st march immedialely preceding the assessment year. NetWealth calaulation

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Suresh Prasad
(www.aubsp.com)
Category Income Tax   Report

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