Wealth tax

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

09 February 2015 is wealth tax levied on lienced revolver & what should be in mind while computing net wealth tax

CS,CA F,Numrologi TusharSampat (Expert)
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09 February 2015 no , it is not an asset as per sec 2(ea) of wealth tax act.

CA. Anoop Bhatia (Expert)
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09 February 2015 I fully agree with the opinion expressed by Mr. Tushar.

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