wealth tax
This query is : Resolved
18 May 2009
is wealth tax applicabletocompany?ifyes,at whatrate and whether surcharge and cess apply?
18 May 2009
Wealth tax is applicable to companies also. Rate is 1% on the net wealth exceeding Rs.15 lakhs. There is no surcharge and cess on wealth tax.
18 May 2009
yes it would be @ 1 % on net wealth on excess of RS.15 Lakhs
NO SURCHARGE.
NO SURCHARGE.
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