Wealth tax applicability.
This query is : Resolved
06 December 2014
on last day of fy how much cash on wealth tax applicable??
06 December 2014
1. In case of individuals & HUF, cash in excess of Rs. 50,000/- is an asset liable to wealth tax.
2. In case of other persons, amount not recorded in the books is an asset liable to wealth tax.
2. In case of other persons, amount not recorded in the books is an asset liable to wealth tax.
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