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Wealth tax

This query is : Resolved 

15 February 2012 IS THERE DIFFERENCE BETWEEN WEALTH TAX RETURN AND INCOME TAX RETURN

15 February 2012 Yes, Both are totally different.

16 February 2012 i) Income tax returns are to be filed in the prescribed forms called ITR-1 to ITR-7 depending mainly on the 'status' of the assessee.
ii) Wealth tax returns are to be filed in the prescribed forms called as Form A /Form B / Form BA for various classes of tax payers.




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