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
10 Sep 2011 
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Taxable wealth: net value of specified assets after deducting liabilities, determining wealth tax liability.
Taxable Wealth is the net value of specified assets liable to wealth tax after deducting loans and other liabilities secured against them; asset categories include buildings, motor cars, jewellery, yachts/boats/aircraft, urban land and cash in hand. (AI Summary)
Taxable Wealth is the net value of specified assets liable to wealth tax after deducting loans and other liabilities secured against them; asset categories include buildings, motor cars, jewellery, yachts/boats/aircraft, urban land and cash in hand. (AI Summary)