Wheater wealth tax on building (let out)

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2013 any one tell me wheater Wealth Tax On Building (let Out) to be Charge or not.

31 October 2013 Residential property and which is let out for a minimum period of 300 days in the previous year.
Then it will be treated as asset and it will attract wealth tax...

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Querist : Anonymous

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Querist : Anonymous (Querist)
31 October 2013 Building is let out for Commercial purpose

31 October 2013 No then it wouldn't be considered in wealth tax...

31 October 2013 No wealth tax chargeable in this case.


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