Hello Everyone,
Please let me know that whether an individual who is liable tax audit but the wealth is less than 30 lakhs is liable to file wealth tax return?
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Wealth tax return
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An assessee being individual or HUF who is liable to audit u/s 44AB are required to furnish Form BB (Return of Net Wealth) electronically under digital signature for assessment year 2014-15 and onwards. Please refer Notification no. 32/2014 dated 23/06/2014.
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