Wealth tax

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vijay lakshmi (Querist)
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02 March 2015 As wealth tax is abolished in 2015 Budget, so wud they ask questions on W.T in ICMAI final exam to be held in June 2015???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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02 March 2015 Yes they may ask. Since it is still a part of the syllabus under applicable AY 2015-16.

CA Parul Saxena

CA Parul Saxena (Expert)
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02 March 2015 In case of companies also super rich surcharge would be levied @ 2% instead of wealth tax???

CMA. CS. Sanjay Gupta

CMA. CS. Sanjay Gupta (Expert)
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03 March 2015 Yes on Companies too. Effective rate of Surcharges 7%. Check out page No 10 from below link:

https://drive.google.com/file/d/0B6WS9GQxf3bCazZGS2hlYzNUUEE/view

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