is silver is exempt under wealth tax act
laxman suthar (Asst. Manager Taxtation ) (329 Points)
17 December 2010is silver is exempt under wealth tax act
Devendra
(Chartered Accountant)
(4775 Points)
Replied 17 December 2010
No Silver Jewellery is taxable under the Wealth Tax Act.
Regards,
Devendra
Deepak Tapse
(Accounts Manager - Taxation)
(1771 Points)
Replied 18 December 2010
Agree with Devendra, Silver is taxable
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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