Applicability of wealth tax

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..... Applicability of wealth tax
Query (Issue) Started By: - vimal kumar mehta Dated:- 18-9-2007 Last Reply Date:- 21-9-2007 Other Topics
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Indian Laws
Wealth Tax Property let out fo .....

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..... r more than 300days in a year is exempt from Wealth Tax. What is the position if the property is owned /(purchased) by the assessee for less than 300 days, but it is letout for the entire period, sinc .....

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..... e the date of purchase, of less than 300 days. Is the property still exempt under the W.T Act? Kindly let me have your considered opinion Thank you. Vimal Reply By Surender Gupta: The Reply: It is im .....

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..... plied that if you have purchased the property having less that 300 days and let out for the entire period, you would be eligible for exemption.
Discussion Forum - Knowledge Sharing .....

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