Residential Building Not Taxable Under Wealth Tax Act Due to Letting Period Less Than 300 Days.

Residential Building Not Taxable Under Wealth Tax Act Due to Letting Period Less Than 300 Days. https://www.taxtmi.com/highlights?id=29435 Scope of Assets u/s 2(ea) of Wealth Tax Act, 1957 - inclusion of residential building let out and only for brief period the property was vacant - Letting out period is less than 300 days - it was legally in existence only for a period of 92 days - Not a taxable assets - AT en-us Wed, 25 May 2016 08:46:39 +0530 Wed, 25 May 2016 08:46:39 +0530 TaxTMI RSS Generator Residential Building Not Taxable Under Wealth Tax Act Due to Letting Period Less Than 300 Days. https://www.taxtmi.com/highlights?id=29435 Scope of Assets u/s 2(ea) of Wealth Tax Act, 1957 - inclusion of residential building let out and only for brief period the property was vacant - Letting out period is less than 300 days - it was legally in existence only for a period of 92 days - Not a taxable assets - AT Highlights Wealth-tax Wed, 25 May 2016 08:46:39 +0530 https://www.taxtmi.com/highlights?id=29435