Wealth tax
Querist : Anonymous
(2) Fixed deposite in bank taken in to consideration while compute wealth tax?
(3) Loans and advance taken into consideration while compute wealth tax?
1. Agriculture Land - Whether it is situated in urban or Rural Area - Not Liable to Wealth Tax.
2. Fixed Deposit - Not an Assets under Wealth Tax Hence not liable to Wealth Tax.
3. Loans and Advances - Not an Asset under Wealth Tax Hence not liable to Wealth Tax.
Querist : Anonymous
wealth tax act include only non productive assets?
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