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Wealth Tax

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The Wealth Tax Act came into force on April 1, 1957 and it extends to whole of India including the State of Jammu and Kashmir. [sec. 1] Wealth tax is a direct tax, which is charged on the net wealth of the assessee. The unit of wealth tax has been divided into two lessons. In this lesson we shall be studying the chargeability and computation of wealth tax and in the next lesson we will be studying the valuation of assets and provisions relating to filing of return and assessment. #pdf
Ravikumar.G

on 19 September 2007

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