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Wealth tax

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....ealth tax<br> Query (Issue) Started By: - KAMAL PODDAR Dated:- 19-2-2011 Last Reply Date:- 19-2-2011 Income Tax<br>Got 1 Reply<br>Income Tax<br>I have a capital of 31 lacs. I have given 25 lacs on l....

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....oans. Five lacs investments balance in banks and cash in hand. Do i have to file wealth tax Return and am i liable to wealth tax and if so how much. Reply By GOPALJI AGRAWAL: The Reply: You are not ....

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....liable to pay wealth tax as only specified assets (not accruing income) are treated as assets under wealth tax act.<br> Discussion Forum - Knowledge Sharing ....