Wealth tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 October 2013
would dwelling house and office premises will form part of value of taxable asset
25 October 2013
Office premises is not taxable under wealth tax as it is not an asset under Wealth Tax Act.
dwelling (residential) premises is an asset and taxable under wealth tax act, but any one residential house property is exempted from wealth tax under exemption section
for more details click the link
http://law.incometaxindia.gov.in/DIT/other-income-tax-acts.aspx?page=ODTA&TabId=tab_WTA
For any further query, feel free to ask
Regards
CA Harish Choudhary
E-mail: harishsc1989@gmail.com
dwelling (residential) premises is an asset and taxable under wealth tax act, but any one residential house property is exempted from wealth tax under exemption section
for more details click the link
http://law.incometaxindia.gov.in/DIT/other-income-tax-acts.aspx?page=ODTA&TabId=tab_WTA
For any further query, feel free to ask
Regards
CA Harish Choudhary
E-mail: harishsc1989@gmail.com
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