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    Wealth-tax

    Wealth-tax is not levied on productive assets, and in view of...

    Proposal to Exempt Let-Out Residential Properties and Commercial Establishments from Wealth-Tax if Rented 300+ Days Annually.

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    Wealth-tax February 27, 2015Case LawsAT

    Wealth-tax is not levied on productive assets, and in view of that logic, it was proposed that wealth-tax would not be levied on such residential property that has been let out for a period of minimum 300 days in a year and to exempt commercial establishments and complexes from the ambit of wealth-tax - AT

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