Wealth tax
This query is : Resolved
18 November 2011
Is fixed deposit included in wealth tax ?
What rates for wealth tax?
What rates for wealth tax?
18 November 2011
No Fixed deposit does not comes within the ambit of section 2(ea) of wealth tax act. Hence fixed deposit is not an asset for wealth tax purpose.
18 November 2011
thanks expert ,
please also Noted Mr. Ajay Kumar,
Wealth tax is imposed @ 1 percent on the value of specified assets held by the taxpayer on the valuation date (31 March) in excess of the basic exemption of INR 3,000,000.
Regards,
please also Noted Mr. Ajay Kumar,
Wealth tax is imposed @ 1 percent on the value of specified assets held by the taxpayer on the valuation date (31 March) in excess of the basic exemption of INR 3,000,000.
Regards,
18 November 2011
thanks expert ,
please also Noted Mr. Ajay Kumar,
Wealth tax is imposed @ 1 percent on the value of specified assets held by the taxpayer on the valuation date (31 March) in excess of the basic exemption of INR 3,000,000.
Regards,
please also Noted Mr. Ajay Kumar,
Wealth tax is imposed @ 1 percent on the value of specified assets held by the taxpayer on the valuation date (31 March) in excess of the basic exemption of INR 3,000,000.
Regards,
24 November 2011
Thank you Mr.Jain and Mr Verma. Can you provide copy or link showing FD does not come under wealth tax ,please.
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