Whether wealth tax return is compulsory for individual ?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 August 2014
Dear Expert,
my business turnover is more than 1crore in FY 13-14..
I am running proprietry firm.
Whether Wealth tax return is compulsory for me even if my wealth is less than exemption limit??
my business turnover is more than 1crore in FY 13-14..
I am running proprietry firm.
Whether Wealth tax return is compulsory for me even if my wealth is less than exemption limit??
Rupesh Jain
(Expert)
16 August 2014
if your wealth more than 30 lacs then you have to submit the wealth tax return.
CA UMESH DULAL
(Expert)
16 August 2014
Not compulsory if your net wealth is less than exemption limit.
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