Self occupied house included in wealth tax or not...?
This query is : Resolved
12 December 2013
Is self occupied house taken as an asset for calculation for wealth tax act or not, if the value of the self occcupied house exceeds rs. 30 lakhs. The assessee does not owns any other house property.
12 December 2013
No Section 5 of the Wealth Tax Act exempts one house from wealth tax
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