Wealth tax

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Querist : Anonymous (Querist)
16 September 2013 what is wealth tax , whom liable for U/s 17 of the wealth tax act,1957, please suggests
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 September 2013 wealth tax is like a charge on your net assets @ 1% on net assets exceeding 30 lakhs.

only Individual, Huf and companies liable to wealth tax.
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