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Self occupied house included in wealth tax or not...?

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12 December 2013 Is self occupied house taken as an asset for calculation for wealth tax act or not, if the value of the self occcupied house exceeds rs. 30 lakhs. The assessee does not owns any other house property.
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
12 December 2013 No Section 5 of the Wealth Tax Act exempts one house from wealth tax

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