Poonawalla fincorp
Poonawalla fincorp

Diff. b/w proprty tax and welth tax

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(Querist)
20 August 2012 What is Property Tax ? When it is levied?
and difference B/w Wealth tax and property tax ?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
20 August 2012 Property tax is collected by the local authority for housing development in particular region covered by it and wealth tax is collected by the CBDT(central government.
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
20 August 2012 Property tax is allowed as deduction under income tax but wealth tax is not allowed.
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