Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding


  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
News

Home News News and Press Release Month 3 2012 2012 (3) This

Wealth tax Amendment 2012-13

16-3-2012
  • Contents

Section 2 of the Wealth-tax Act, 1957

clause (ea), in sub-clause (i), in item (1)
Residential house -

A residential house is not asset, if it is meant exclusively for residential purposes  of employee who is in whole-time employment  and the gross annual salary of such employee, officer or director is less than Rs. 10,00,000 previously it was Rs.5,00,000.

Quick Updates:Latest Updates