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Wealth tax

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(Querist)
25 July 2014 sir,
my father is resident house 12,00,000/ ish per kitna tax lagega
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
25 July 2014 no wealth tax as the net assets are not exceeding rs 10 lakhs
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
25 July 2014 1. if this is the only house, then it is anyways not to be included in wealth tax computation.

2. What Tushar meant was that it doesnt exceed Rs 30 lakhs (ie the limit under which wealth tax doesnt apply)
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