Wealth tax return for tax audit cases?

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Sachin Gadekar (Querist)
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15 September 2014 I want to know whether wealth tax return is compulsory for assessee under sec 44ab. Please answer with proper notification.

CS,CA F,Numrologi TusharSampat (Expert)
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15 September 2014 the ans is no as only those whose net assets exceeds rs 30 lkahs are liable to file wealth tax return.

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