Wealth Tax
This query is : Resolved
Jignesh Desai
(Querist)
26 October 2010
What has been recommended in the Direct Tax Code (which I think is going to be implemented from 1-4-2012) as far as Wealth Tax is concerned . Is it true that from Year 2012-13 onwards ,Income Tax Dept. will start levying Wealth Tax of 1 % on the Assessee's Wealth . If true , then how exactly will the Wealth of the Assessee be Assessed ?
CA.Amit Revankar
(Expert)
26 October 2010
u r question needs more clarity...
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