WEALTH TAX Basically Wealth tax is chargeable to Net wealth Net wealth for this purpose is computed as follows Assets [u/s. 2 (ea)] + Deemed assets (u/s-4) (u/sTotal (-)…
WEALTH TAX Basically Wealth tax is chargeable to Net wealth Net wealth for this purpose is computed as follows Assets [u/s. 2 (ea)] - + Deemed assets (u/s-4) - Total (-)…
WEALTH TAX ACT,1957 Charge Of Tax Charge Of Tax It is charged for every assessment year commencing from 1/4/1957 in respect of net worth. Wealth tax is charged on the net…