06 May 2014
Limit is Rs. 30,00,000/- Beyond that the tax is to be paid @ 1% + cess. aasets to be included: 1. Cash in hands more than 50000. 2. Yachts, boats, aircraft. 3. Guest house, farm house, residential house, commercial building. 4. Motor car 5. urban land 6. Jewellery, bullion , utensils of gold, silver.
CAclubindia
