Wealth tax on second residential property

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Ramadevi Srinivasan (Querist)
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03 December 2014 Second residential property booked in Dec 2012; possession expected in 2014-15; then whether wealth tax/ income tax applicable for FY 2014-15? If so, how it is to be computed?

AJIT SINGH

AJIT SINGH (Querist)
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03 December 2014 we hv rcvd bill for manpower service 300000/- we paid (309270 I.e. 25% st incl). and rest tax portion 27810 to govt. my query when we file our st -3 which amount can be availed in credit (25% of st or 75% of st or 100% of st )

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 December 2014 if ur owning it on last day of year i.e 31.3.2015 then ur liable for wealth tax as only 1 residential house is permitted for exclusion from cal of assets u/s 2 (ea).

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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03 December 2014 2 nd queery is ans here :

https://www.caclubindia.com/experts/figures-1933609.asp#.VH6akNKUdic

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