wealth tax
This query is : Resolved
18 May 2009
Assessee include, every person in respect of whom proceedings under the wealth tax act have been taken for determination of wealth tax. - what is mean by proceedings here?
19 May 2009
"Proceedings" here means if the assessee has not voluntarily submitted the Return, IT dept. may on his own initiate procedure to calculate Wealth and may require to pay Wealth Tax,if any.
30 July 2009
thanks for reply
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