Wealth tax
This query is : Resolved
28 January 2015
wheather there is levy of wealth tax on gold biscuits or gold bricks
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.
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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