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Issue ID : 5479
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wealth tax

Date 25 Mar 2013
Replies1 Answers
Views 986 Views

I currently own an apartment costing about 75 lakhs in Bangalore. and I am staying in the apartment witth my family.  I wish to buy another apartment  for about 75 lakhs (payment to be made over the 4 year period linked to construction)  from a builder which will be ready in about 4 years time. I would like to know whether wealth tax is applicable on the second property. If the wealth Tax is applicable, Can I buy the new property in the name  of my wife . Kindly advise

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Replied on Oct 21, 2015
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Whether you have got clarified in this issue? If not please inform.

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