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Wealth tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 December 2013 sir If one has one residential house of 400 square meters and three plots of land less than 500 square meters per plot and located in different places if he doesn't take exemption for residential house,can he take exemption for all the three plots of land?
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CA Vijeta Verma

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CA Vijeta Verma (Expert)
27 December 2013 5(vi) exemption is for a Plot of land of 500sq mtrs or less.The word is not PLOTS of land ,it is "plot" of land.

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