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Wealth tax related query
whether farm house situated in newyork is a asset for wealth tax purpose for Indian resident
Replies (3)
whether resident is ordinarilly resident in india or not.If ordinarilly resident, then yes.But exemption can be taken u/s 5 of wealth tax act
Agree with Gautam verma rightly said
while calculating total worth/Assets of a person in wealth tax whether his share in net worth of firm in which he is a partner will be included or not
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