https://www.taxtmi.com/forum/issue?id=1489 Stock in trade and premises used for business are excluded from the definition of assets under the Wealth Tax Act, and therefore are not subject to wealth tax; however, location in a Special Economic Zone does not by itself exempt an assessee from wealth tax, so SEZ units remain within the wealth tax framework except for assets that qualify for statutory exclusions. en-us Sat, 12 Sep 2009 05:08:18 +0530 Thu, 23 Jan 2025 15:58:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1489 Stock in trade and premises used for business are excluded from the definition of assets under the Wealth Tax Act, and therefore are not subject to wealth tax; however, location in a Special Economic Zone does not by itself exempt an assessee from wealth tax, so SEZ units remain within the wealth tax framework except for assets that qualify for statutory exclusions. Discussion-Forum Income Tax Sat, 12 Sep 2009 05:08:18 +0530 https://www.taxtmi.com/forum/issue?id=1489