meaning of wealth

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eaning of wealth<br> Query (Issue) Started By: - nimesh khandelwal Dated:- 10-9-2011 Last Reply Date:- 12-9-2011 Other Topics<br>Got 1 Reply<br>Indian Laws<br>Dear Sir As per Wealth TAx act what is t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he meaning of wealth (including/ excluding in wealth) . Please describe me. Reply By malhar shenoy: The Reply: Taxable Wealth means value of assets less Liablities / Loan against these wealth.I.e Ne....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....t Wealth as defined in Section 2(m). Assests liable for wealth tax are given in section 2(ea) of the Wealth Tax Act.namely, 1.Building 2. Motor Car 3.Jewellery 4.Yatch, Boat and Aircraft 5 .urban La....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nd 6.Cash in Hand.<br> Discussion Forum - Knowledge Sharing ....