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Wealth tax

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(Querist)
28 January 2015 wheather there is levy of wealth tax on gold biscuits or gold bricks
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CMA MALHAR BEHERA

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CMA MALHAR BEHERA (Expert)
28 January 2015 It can be levy under section 2(ea) of the Wealth Tax Act, 1957 if it is not used as stock-in-trade.
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CA Anjana Grover

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CA Anjana Grover (Expert)
28 January 2015
Yes, Wealth tax is levied on gold biscuits & gold bricks.

Regards
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