Wealth tax
This query is : Resolved
05 August 2011
Most Urgent..!!!
1) Whether an assessee being a NRI having deposited money's in NRO A\c attracts wealth tax or not..?
1) NRI having deposits a\c in India and earning interest thereon whether liable to pay wealth tax or not..?
1) Whether an assessee being a NRI having deposited money's in NRO A\c attracts wealth tax or not..?
1) NRI having deposits a\c in India and earning interest thereon whether liable to pay wealth tax or not..?
CA. Anuj Gupta
(Expert)
10 August 2011
1. NRO A/c balance is not covered under the definition of assets provided under sec 2(ea) of Wealth Tax Act.
2. Deposit accounts in India are not covered under the definition of assets provided under sec 2(ea) of Wealth Tax Act.
Anuj
+91-9810106211
femaquery@gmail.com
2. Deposit accounts in India are not covered under the definition of assets provided under sec 2(ea) of Wealth Tax Act.
Anuj
+91-9810106211
femaquery@gmail.com
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