https://www.taxtmi.com/forum/issue?id=105992 If an individual's taxable wealth from other assets exceeds the statutory threshold, cash holdings above the permitted cash allowance are included in taxable net wealth. The forum reply states that, even if cash is held and used in the normal course of business as a productive asset and appears in the audited balance sheet, cash in excess of fifty thousand is taxable for an individual when aggregate taxable wealth surpasses the threshold. The business use of cash does not by itself exempt it from wealth tax once the overall condition is met. en-us Mon, 19 Aug 2013 13:14:54 +0530 Thu, 23 Jan 2025 15:57:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=105992 If an individual's taxable wealth from other assets exceeds the statutory threshold, cash holdings above the permitted cash allowance are included in taxable net wealth. The forum reply states that, even if cash is held and used in the normal course of business as a productive asset and appears in the audited balance sheet, cash in excess of fifty thousand is taxable for an individual when aggregate taxable wealth surpasses the threshold. The business use of cash does not by itself exempt it from wealth tax once the overall condition is met. Discussion-Forum Indian Laws Mon, 19 Aug 2013 13:14:54 +0530 https://www.taxtmi.com/forum/issue?id=105992