TaxTMI 
TaxTMI 
TaxTMI 
Dear Sir
As per Wealth TAx act what is the meaning of wealth (including/ excluding in wealth) . Please describe me.
meaning of wealth
nimesh khandelwal
Understanding Wealth Tax: Net Wealth Definition Under Section 2(m) and Taxable Assets in Section 2(ea) Explained A user inquired about the definition of wealth under the Wealth Tax Act, specifically what is included or excluded. The response clarified that taxable wealth is the value of assets minus liabilities or loans against these assets, referred to as net wealth under Section 2(m). Assets subject to wealth tax, as outlined in Section 2(ea), include buildings, motor cars, jewelry, yachts, boats, aircraft, urban land, and cash in hand. (AI Summary)