https://www.taxtmi.com/highlights?id=55257 Wealth tax assessment - the assessee cannot avail exemption for a plot of land, even if it is having an area of less than 500 sq. mts or less, if he had already claimed exemption of one house u/s 5(vi) of the Act. If the assessees have not claimed exemption of house, then they are entitled to claim exemption of either one house or part of a house or plot of land. - AT en-us Thu, 22 Oct 2020 10:01:45 +0530 Thu, 22 Oct 2020 10:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55257 Wealth tax assessment - the assessee cannot avail exemption for a plot of land, even if it is having an area of less than 500 sq. mts or less, if he had already claimed exemption of one house u/s 5(vi) of the Act. If the assessees have not claimed exemption of house, then they are entitled to claim exemption of either one house or part of a house or plot of land. - AT Highlights Wealth-tax Thu, 22 Oct 2020 10:01:45 +0530 https://www.taxtmi.com/highlights?id=55257