WEALTH TAX PROBLEM?

ABHAS HALAKHANDI (STUDENT) (30 Points)

08 January 2009  
THERE IS A PROVISION THAT LOAN INVESTMENTS ON WHICH THE INTEREST RECEIVABLE IS EXEMPT UNDER SEC 10 OF INCOME TAX ACT WILL NOT BE INCLUDED IN NET WEALTH.... I M NOT CLEAR ABOUT THAT PROV...CAN SOMEONE CLEARIFY THAT PROV. ... IS IT APPLICABLE TO NON RESIDENTS ONLY....