Wealth tax related query
Neha Jhanwar (article) (103 Points)
02 January 2014
whether farm house situated in newyork is a asset for wealth tax purpose for Indian resident
3 Replies
GAUTAM SHARMA
(Audit Assistant)
(353 Points)
Replied 02 January 2014
whether resident is ordinarilly resident in india or not.If ordinarilly resident, then yes.But exemption can be taken u/s 5 of wealth tax act
CA KARAN MAINI
(Practising CA)
(106 Points)
Replied 02 January 2014
Agree with Gautam verma rightly said
shobhna sikka
(Working in a CA firm )
(45 Points)
Replied 19 April 2014
while calculating total worth/Assets of a person in wealth tax whether his share in net worth of firm in which he is a partner will be included or not
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