APPLICABILTY OF WEALTH TAX ON COMMERCIAL LET OUT PROPERTY

This query is : Resolved

MEGHNA S VARIA (Querist)
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28 January 2008 RESPECTED SIR OR MAM ,
CAN WEALTH TAX BE LEVIED ON LET OUT COMMERCIAL PROPERTY IF IT'S NET VALUE INCREASES 15 LACS RS. ?
PLEASE REPLY ME.

CA Hemant T Dewani

CA Hemant T Dewani (Expert)
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28 January 2008 if the premises is let out more than 300
days during the year that property is not taxable under wealth tax u/s 2e(a) whar ever the value is increas

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