Wealth tax

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GEETA ARUN JADIYAR

GEETA ARUN JADIYAR (Querist)
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19 March 2012 is it compulsory to file Wealth Tax Return or not if there is no Wealth Tax Liability

Ajay Mishra

Ajay Mishra (Expert)
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19 March 2012 Hi

There is no need to file Wealth Tax Return, if you are not covered under that tax.

Regards

GEETA ARUN JADIYAR

GEETA ARUN JADIYAR (Querist)
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19 March 2012 Thanks for the reply, but for F.y. 2009-10 i have paid wealth tax & filled Wealth TAx return also but for the F.y. 2010-11 i had NIL wealth tax liability. so is it ok

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Ajay Mishra

Ajay Mishra (Expert)
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19 March 2012 Hi

I will suggest if you have filed WTR for FY 2009-10 then, if in the FY 2010-11 is NIL, in that you file NIL WTR. It will be a good practice.

Regards