wealth tax on land

If no construction has been started, it will be taxable under Section 2(ea) as Urban Land...

However, if a construction is under process it will not be treated as land as it ceased to remain as unused land and being occupied any building constructed with the approval of the approved authority.

>>Vipul Garg

Thanks Mr. Garg for replying. please also clarify that 

Is there any criteria as to the minimum level of construction so as to get out of the purview of definition of urban land under section 2 (ea) of the Act and as such eligible for exemption from wealth tax e.g. building plan approved and digging started by the valaution date.

Regards,

Mandavi