Wealth tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2014
Dear All ,
I have one house in Mumbai Which was purchase on march 2012 cost rs. 7850000/-
And keeping cash of Rs. 150000/- every year ending , I am salaried person so i have to file wealth tax return ? or have to pay wealth tax ?
thanx in advance...
I have one house in Mumbai Which was purchase on march 2012 cost rs. 7850000/-
And keeping cash of Rs. 150000/- every year ending , I am salaried person so i have to file wealth tax return ? or have to pay wealth tax ?
thanx in advance...
07 August 2014
if the net assets cal as per wealth tax act exceeds rs 30 lakhs thn then is taxable @1%
Querist : Anonymous
Querist :
Anonymous
(Querist)
07 August 2014
my flat price is 7850000/- is it exceeds to 30 lakh than i have to pay 1% on 4850000/- ?
07 August 2014
u consult a ca as he will guide u how to cal n file wealth tax return also
07 August 2014
u consult a ca as he will guide u how to cal n file wealth tax return also
07 August 2014
u consult a ca as he will guide u how to cal n file wealth tax return also
07 August 2014
If you have given the flat on rent for at least 300 days in an year, then no wealth tax is payable.
Also, if the said property is the only house property in your name, then no wealth tax is payable.
Also, if the said property is the only house property in your name, then no wealth tax is payable.
08 August 2014
a house and a plot of 500 sq meter will be exempt. for a person every year.
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