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Wealth tax

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(Querist)
06 July 2009 Can any body tell me whether wealth tax is abolished or not?? if yes then plz tell me the effective date... as i had received a notice from tax department to furnish wealth tax return for the property purchased in feb 06...
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CA Devanshi Gandhi (Ajani)

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CA Devanshi Gandhi (Ajani) (Expert)
06 July 2009 its not abolished and file the return of wealth tax.
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Ratan Sharma

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Ratan Sharma (Expert)
06 July 2009 Agreed with expert. Basic exemption limit exceed from 15 lacs to 30 lacs.
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