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

TMI Blog

Home

meaning of wealth

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... meaning of wealth
Query (Issue) Started By: - nimesh khandelwal Dated:- 10-9-2011 Last Reply Date:- 12-9-2011 Other Topics
Got 1 Reply
Indian Laws
Dear Sir As per Wealth TAx act what is .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the meaning of wealth (including/ excluding in wealth) . Please describe me. Reply By malhar shenoy: The Reply: Taxable Wealth means value of assets less Liablities / Loan against these wealth.I.e N .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... et Wealth as defined in Section 2(m). Assests liable for wealth tax are given in section 2(ea) of the Wealth Tax Act.namely, 1.Building 2. Motor Car 3.Jewellery 4.Yatch, Boat and Aircraft 5 .urban L .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and 6.Cash in Hand.
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates