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Wealth tax related query

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103 Points Joined May 2011
whether farm house situated in newyork is a asset for wealth tax purpose for Indian resident
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On 02 January 2014 at 20:52 Report
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Audit Assistant
353 Points Joined May 2010

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

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On 02 January 2014 at 21:24
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Practising CA
106 Points Joined April 2010
Agree with Gautam verma rightly said
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On 02 January 2014 at 22:13
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Working in a CA firm
45 Points Joined March 2014
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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On 19 April 2014 at 11:10

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