Wealth tax query Nov 2011

Whether Loose Diamonds are covered under the definition of Assets u/s 2 (ea) of Wealth Tax Act ??

Replies (3)
IT COVERS UNDER JEWELLERY - JEWELLERY INCLUDES - (2) PRECIOUS OR SEMI-PRECIOUS STONES, WHETHER OR NOT SET IN ANY FURNITURE, UTENSILS OR OTHER ARTICLE OR WORKED OR SEWN INTO WEARING APPAREL.

yes!!!

nicely explained by Mr. Joshi.....

 

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what is this............?? Explain your reply . I think this is not releted to my problum.

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