26 October 2010
What has been recommended in the Direct Tax Code (which I think is going to be implemented from 1-4-2012) as far as Wealth Tax is concerned . Is it true that from Year 2012-13 onwards ,Income Tax Dept. will start levying Wealth Tax of 1 % on the Assessee's Wealth . If true , then how exactly will the Wealth of the Assessee be Assessed ?
CAclubindia
