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Wealth tax

This query is : Resolved 
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(Querist)
23 July 2012 Sir,

One of my client has a property in Thailand. he is citizen of India and ordinary resident in P.Y. 2011-12. His property will be considered for w tax purpose.

but his property has been let out for 9 months.

Is condition of letting out for more than 300 days for exclusion applicable in the case of property situated outside india also.

Shivish
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CA vidhyadhari

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CA vidhyadhari (Expert)
23 July 2012 Yes it will be applicable to properties held outside India also... But that property should be a Residential House property let out for a period of 300 days in the previous year..
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 July 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
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