Poonawalla fincorps
Poonawalla fincorps

Welth tax return

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 September 2014 Dear Sir,
A assessee whose liable for audit u/s 44AB and whose net wealth is below 30 lacs.

Whether it is mandatatory to file nil return of wealth tax for the FY 2013-14 ?

Please clarify.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 September 2014 Since the net wealth is below 30 lakhs no need to file nil return of wealth tax even you are liable for tax audit.

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