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Wealth tax on loans & advances given?

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(Querist)
05 July 2014 Is LOANS & ADVANCES( in current assets) should be considered while computing the amount of Net Wealth/Assets chargeable to wealth tax @ 1%??
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Deepti Asawa

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Deepti Asawa (Expert)
05 July 2014 No, loan and advances are not considered while computing net wealth

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