Diff. b/w proprty tax and welth tax
This query is : Resolved
abhishek jain
(Querist)
20 August 2012
What is Property Tax ? When it is levied?
and difference B/w Wealth tax and property tax ?
and difference B/w Wealth tax and property tax ?
CA CS Amit S. Kedia
(Expert)
20 August 2012
Property tax is collected by the local authority for housing development in particular region covered by it and wealth tax is collected by the CBDT(central government.
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CA CS Amit S. Kedia
(Expert)
20 August 2012
Property tax is allowed as deduction under income tax but wealth tax is not allowed.
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