What is the Maximum Limit for Wealth Tax?
This query is : Resolved
Ramdinesh G
(Querist)
19 May 2010
Has the limit of Wealth Tax increased from Rs.15 Lakh to Rs.30 Lakhs.
Akbar Mirza
(Expert)
19 May 2010
Yes now wealth tax is payable on Net wealth of Rs. 30L.
19 May 2010
WEALTH TAX PAYABLE ON NET WEALTH > 30LACS
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CS Richa Sharma
(Expert)
19 May 2010
Yes, the limit for wealth tax has increased to Rs 30 lakh, from the earlier Rs 15 lakh.
The change has been proposed considering the prevalent inflation conditions. It is expected that the limit may be further raised considering the same.
The change has been proposed considering the prevalent inflation conditions. It is expected that the limit may be further raised considering the same.
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CA Ravi Sisodia
(Expert)
19 May 2010
yes limit of Wealth Tax increased to Rs. 30 lakh
CA CS Ravi Mehata
(Expert)
02 July 2010
ya it has been increase to 30 lak
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