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Wealth Tax

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(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?
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CA. Amit Daga

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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
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MAHENDRA KUMAR BAGRECHA

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MAHENDRA KUMAR BAGRECHA (Expert)
10 August 2009 As per budget 2009, now wealth tax exemption limit has been raised to Rs.30 Lacs
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