Wealth tax
This query is : Resolved
25 December 2013
Hi all ,
What are main consideratins for calculation of wealth tax ?
25 December 2013
cal assets as per sec 2(ea)
+Deemed assets sec 4
-Exempted assets sec 5
-debts owed sec 2(m)
===================
Net assets
===================
wealth tax @ 1 %of net assets
+Deemed assets sec 4
-Exempted assets sec 5
-debts owed sec 2(m)
===================
Net assets
===================
wealth tax @ 1 %of net assets
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