Raju (business) 14 August 2011
Hi Experts,
What are the assets that should be included in calculating the wealth tax? Are the asserts which are 'in use' included (OR) only assets which are 'not in use' (OR) both?
Is the wealth tax applicable to an NRI? What are the exemptions and wealth tax rate for NRI?
Best Regards,
Raju.
manojkmodi (x) 20 August 2011
Please read section 2(ea) of the Wealth Tax Act, 1957
Manoj K. Modi
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