Wealth tax
This query is : Resolved
Fenil Shah
(Querist)
20 August 2013
What is the basic exemption limit for taxability under the Wealth Tax Act Rs. 30 lakhs or Rs. 1 crore ??
CA Parul Saxena
(Expert)
20 August 2013
Rs.30 lakhs
Message likes :
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Fenil Shah
(Querist)
20 August 2013
Thank You..
20 August 2013
net assets - net liabilities as per wealth tax act if does not exceeds 30 lakhs then no need to pay wealth tax.
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