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Wealth tax

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(Querist)
22 December 2012 Is balance with bank in current account or saving account is to be taken for calculation of net taxable wealth ?
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CA RICHA BADALIA

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CA RICHA BADALIA (Expert)
22 December 2012 No, bank balance does not form part of asset while calculating wealth tax.
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Tharak

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Tharak (Querist)
24 December 2012 Thank u mam
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