Wealth tax
This query is : Open
24 March 2014
Dear Sir, Do a partner ship firm need to file return wealth tax return or how valuation of his assets will be done for wealth tax purpose?? thank you
24 March 2014
Wealth Tax is applicable to all the assessess except for the following:-
1)Section 25 company
2)Co-operative society
3)Social club
4)Political party
5)Mutual Fund specified u/s. 10(23D) of the I.T. Act.
For Valuation, refer section 7 of Wealth Tax Act.
1)Section 25 company
2)Co-operative society
3)Social club
4)Political party
5)Mutual Fund specified u/s. 10(23D) of the I.T. Act.
For Valuation, refer section 7 of Wealth Tax Act.
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