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Wealth Tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 February 2011 Under Wealth Tax Act Cash in Hand more than Rs.50,000/- is a part of assets, is Bank balance is a part of cash in hand for Section 2(ea)(vi) of Wealth Tax Act
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Sunil Kr. Sanganeria

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Sunil Kr. Sanganeria (Expert)
24 February 2011 NO Bank Balance is not a part of Cash balance and not subject to wealth tax

Only Cash in hand is cash balance

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