Wealth tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
31 March 2012
Now a days if we purchased one flat for residential purpose singaly and jointaly.
And also purchased one more flat for investment purpose again also singaly or jointaly then how can we save wealth tax?
Because prices of flats are above Rs. 50 lakhs and limit of wealth tax is 30 lakhs.
In short if we want to invest in property we have to pay taxes only like service tax, vat, wealth tax and now newly introduced tds.
And also purchased one more flat for investment purpose again also singaly or jointaly then how can we save wealth tax?
Because prices of flats are above Rs. 50 lakhs and limit of wealth tax is 30 lakhs.
In short if we want to invest in property we have to pay taxes only like service tax, vat, wealth tax and now newly introduced tds.
CA MANOJ GUPTA
(Expert)
01 April 2012
YES U R RIGHT
BUT TDS IS NOT TAX U CAN GET CREDIT/REFUND OF THIS AMT
BUT TDS IS NOT TAX U CAN GET CREDIT/REFUND OF THIS AMT
14 April 2012
One House is exempted so buy one house each in the name of your family members you can save the Weath Tax
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