Wealth tax
This query is : Resolved
01 January 2013
Advance paid will be included in your net wealth only if sale deed is executed in your favour.
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01 January 2013
Then it is not treated your wealth since the ownership is not transferred to you. it is purely an advance against property.
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01 January 2013
Happy New year to you too.. Enjoy!!
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01 January 2013
SIR is there any e.cess or surcharge on wealth tax liability???
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01 January 2013
No, there is no ed. cess and surcharge on wealth tax. It is 1% only.
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