Wealth Tax
This query is : Resolved
Chetan Sharma
(Querist)
09 August 2009
Can anybody please tell how do i make a wealth tax computation and wealth tax return. What steps do i need to take while computing wealth tax?
CA. Amit Daga
(Expert)
10 August 2009
Only 6 items are taxable under wealth tax and exemption limit is 15 lacs.. any thing above that will be taxable at 1%. For further detail check wealth tax site
10 August 2009
As per budget 2009, now wealth tax exemption limit has been raised to Rs.30 Lacs
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