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Wealth tax on residental flats

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(Querist)
06 August 2013 Did wealth tax payable on residential flats which are not let out whole the year??If yes how it to be valued??
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
06 August 2013 One house is exempted from Wealth tax irrespective of any value. Now, if you have only one flat than do not worry no Wealth tax is payable

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