Wealth tax
This query is : Resolved
SABREZ ALAM
(Querist)
28 January 2015
wheather there is levy of wealth tax on gold biscuits or gold bricks
CMA MALHAR BEHERA
(Expert)
28 January 2015
It can be levy under section 2(ea) of the Wealth Tax Act, 1957 if it is not used as stock-in-trade.
CA Anjana Grover
(Expert)
28 January 2015
Yes, Wealth tax is levied on gold biscuits & gold bricks.
Regards
Yes, Wealth tax is levied on gold biscuits & gold bricks.
Regards
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