wealth tax

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amar preet singh (Querist)
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11 July 2009 IN BALANCE SHEET RS. 55000/- SHOWN IN CASH IN HAND. IS THERE ANY LIABILITY TO PAY WEALTH TAX ?

CA Devanshi Gandhi (Ajani) (Expert)
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11 July 2009 on 5000 if net wealth exceeds 15 lacs in case of individual and huf

saurabh (Expert)
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11 July 2009 agree with the expert. but from this F/Y (1.4.09 - 31.3.10) net wealth limit has been increased to Rs 30 lacs.

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