Wealth tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
25 April 2014
Whether the amount of One House Property meant for Residential Purpose can be excluded in calculating the amount of net wealth for Wealth Tax Purpose?
26 April 2014
yes as per exemption under sec 5(VI) a one house for residential purpose is exempt in wealth tax.
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