Proposal to Exempt Let-Out Residential Properties and Commercial Establishments from Wealth-Tax if Rented 300+ Days Annually.

Proposal to Exempt Let-Out Residential Properties and Commercial Establishments from Wealth-Tax if Rented 300+ Days Annually. https://www.taxtmi.com/highlights?id=21958 Wealth-tax is not levied on productive assets, and in view of that logic, it was proposed that wealth-tax would not be levied on such residential property that has been let out for a period of minimum 300 days in a year and to exempt commercial establishments and complexes from the ambit of wealth-tax - AT en-us Fri, 27 Feb 2015 10:45:43 +0530 Fri, 27 Feb 2015 10:45:43 +0530 TaxTMI RSS Generator Proposal to Exempt Let-Out Residential Properties and Commercial Establishments from Wealth-Tax if Rented 300+ Days Annually. https://www.taxtmi.com/highlights?id=21958 Wealth-tax is not levied on productive assets, and in view of that logic, it was proposed that wealth-tax would not be levied on such residential property that has been let out for a period of minimum 300 days in a year and to exempt commercial establishments and complexes from the ambit of wealth-tax - AT Highlights Wealth-tax Fri, 27 Feb 2015 10:45:43 +0530 https://www.taxtmi.com/highlights?id=21958