Wealth tax
This query is : Resolved
SUBHASH JAIN
(Querist)
15 August 2011
AS PER SECTION OF 3 OF INCOME TAX ACT WHICH ASSETS IS EXEMPTED FROM WEALTH TAX. AND WHAT IS THE LIMIT FOR WEALTH TAX AND WHOSE ARE COVER UNDER THIS ACT. AND IS IT PAYABLE EVERY YEAR. PLEASE ASSIST ME.
SUBHASH JAIN
(Querist)
15 August 2011
please reply
15 August 2011
Wealth tax is payable by Individual, HUF and companies.
The assets are specified in the wealth tax act
The assets are specified in the wealth tax act
SUBHASH JAIN
(Querist)
15 August 2011
Where i can search please provide link
CA PARAS BAFNA
(Expert)
16 August 2011
You may refer the recent links for Basic aspects of the Wealth Tax Act-
.
https://www.caclubindia.com/forum/assets-for-wealth-tax-162095.asp
.
https://www.caclubindia.com/forum/details.asp?mod_id=162053&offset=2
.
https://www.caclubindia.com/forum/assets-for-wealth-tax-162095.asp
.
https://www.caclubindia.com/forum/details.asp?mod_id=162053&offset=2
SUBHASH JAIN
(Querist)
17 August 2011
NET ASSETS OF RS. 3000000/- IS EXEMPTED IN WEALTH TAX IN THAT CASE ONE HOUSE PROPERTY IS EXCLUDED OR INCLUDED IN THE NET WEALTH.
SUBHASH JAIN
(Querist)
17 August 2011
PARAS JI PLEASE REPLY
03 August 2025
https://docs.google.com/document/d/1h3beSJnzj6N8z6x5QYF2ZFqGIbn2O2sO0xrWLLkdSTY/edit?usp=sharing
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