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Wealth tax

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Querist : Anonymous (Querist)
21 February 2013 If HUF is doing business then on business cash shown in books wealth tax is applicable or not ?
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
21 February 2013 In case of individual and HUF, cash in hand on the last moment of the valuation date in excess of Rs. 50,000 is an ‘asset’
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