Wealth Tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 February 2011
Under Wealth Tax Act Cash in Hand more than Rs.50,000/- is a part of assets, is Bank balance is a part of cash in hand for Section 2(ea)(vi) of Wealth Tax Act
Pls provide me the details
Pls provide me the details
24 February 2011
NO Bank Balance is not a part of Cash balance and not subject to wealth tax
Only Cash in hand is cash balance
Only Cash in hand is cash balance
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