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Scrutiny guidelines for wealth tax.
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....d is stagnant at about Rs 145 crores annually. Further, the number of wealth tax assessees is showing a continuous decline over the years and is presently at about 1 lakh. It appears that a large number of assesses are either not filing their return of wealth or not disclosing true taxable wealth. Accordingly, the Board has decided to issue the present Scrutiny Guidelines for Wealth Tax cases. ....
TaxTMI