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Wealth tax

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(Querist)
02 January 2014 Whether the provision of Wealth Tax is applicable on a Non Resident India.

The NRI has made investment in India in various plots, house and farm house

Please clarify
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
02 January 2014 Yes wealth tax is applicable to a NR having assets in India.

Only assets held outside India are excluded in case of NR.
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
02 January 2014 yes for non resident foriegn assets are not taxable but in india are taxable.
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