Cash RS.50000 + on 31st mar 10
This query is : Resolved
02 February 2010
if a salaried persons is having more than Rs.50000/-cash in hand out of his savings on 31st-Mar-10. than is he liable for wealth tax or the clause is for business people only.
CA PRIKSHIT GUPTA
(Expert)
02 February 2010
Wealth tax is applicable for all the individual. there is no difference of salaried and business person. if his net wealth is exceeding Rs. 30 lakhs (including Cash in Hand over 50000/-) then he will be lible for wealth tax
Message likes :
1 times
02 February 2010
Agree. CA Prikshit is right.
Murtaza I Bhagat
(Expert)
03 February 2010
agree
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