Wealth tax Amendment 2012-13

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....ealth tax Amendment 2012-13 <br>News and Press Release<br>Dated:- 16-3-2012<br><BR>Section 2 of the Wealth-tax Act, 1957 clause (ea), in sub-clause (i), in item (1) Residential house - A residenti....

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....al house is not asset, if it is meant exclusively for residential purposes of employee who is in whole-time employment and the gross annual salary of such employee, officer or director is less than Rs....

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..... 10,00,000 previously it was Rs.5,00,000.<BR> News - Press release - PIB....