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Wealth tax

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SABREZ ALAM

SABREZ ALAM (Querist)
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05 December 2014 gold include the assessable value under wealth tax or not

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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16 December 2014 gold constitutes an assets as per Section 2(ea) and is includible in net wealth.

However if it is used as stock in trade, the same shall be excluded from the assets chargeable to wealth tax

Rupesh Jain

Rupesh Jain (Expert)
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18 December 2014 GOLD INCLUDE IN NEW WEALTH OTHER THAN BUSINESS STOCK.

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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18 December 2014 agreee with mitesh mehta's reply

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