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Wealth tax

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(Querist)
07 January 2011 What will be in case of theft of jwellery on 30th march, will it liable for wealth tax?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
08 January 2011 As the asset is not held by the assessee as on the valuation date, it will not be deemed as his asset.


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