WEALTH TAX

This query is : Resolved 

13 July 2009 PLEASE PROVIDE INPUT WHETHER LIABLE TO FILE WEALTH TAX RETURN

PROPRIETORS CAPITAL 25.00 LAKHS

OUT OF WHICH RS 4 LAKHS IN SB ACCOUNTS, RS. 3 LAKHS INVESTMENT IN CAR, 1 LAKH IN MUTUAL FUND, CASH IN HAND 1 LAKH, AND 16 LAKHS LOANS AND ADVANCES ON INTEREST.

PLEASE ADVICE IS MY FRIEND LIABLE TO PAY WEALTH TAX OR FILE RETURN



14 July 2009 u need not to file return.



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