Wealth tax

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Kumar Babu.G (Querist)
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19 August 2008 whether assets bought with the moneys realised from selling assets brought to In dia from foreign are assessable to wealth tax?

S.Srinivasaraghavan (Expert)
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14 October 2008 This is too general a question. An asset which is not exempted under WT Act is taxable, irrespective of how it was acquired.

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