edu cess wealth tax
This query is : Resolved
01 September 2008
is education cess & SHEC payable on wealth tax/is it payable only on inc tax
01 September 2008
Tax rate is 1% on amount by which ˜taxable net wealth" exceeds Rs 15 lakhs. No surcharge or education cess is payable
CA. Sahendra Jaiswar
(Expert)
03 September 2008
No Welath tax does not come within the perview of Education cess.
CA CS Ravi Mehata
(Expert)
02 July 2010
no education cess on w tax but shailesh sir limit is now 30 lakhs.
CA Ravi Sisodia
(Expert)
02 July 2010
No surcharge or education cess is payable on welth tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
