Chartered Accountant
14243 Points
Joined February 2009
amendments in wealth tax
Assets are defined in Section 2(ea) means
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Guest house, residential house or commercial building - [Section 2(ea)(i)]
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Motor cars [Section 2(ea)(ii)]
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Jewellery, bullion, utensils of gold, silver, etc. [Section 2(ea)(iii)] - [Section 2(ea)(iv)]
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Yachts, boats and aircrafts [Section 2(ea)(iv)
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Urban land Urban land is an “asset” [Section 2(ea)(v)]
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Cash in hand - [Section 2(ea)(vi)]
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onion section [Section 2(ea)(
)]
Just inform Income tax department, and get 10% of this wealth.