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Wealth tax applicability.

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(Querist)
06 December 2014 on last day of fy how much cash on wealth tax applicable??
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
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.

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