Persons Liable to pay Wealth Tax - Wealth Tax Law & Procedure - Wealth-tax

Persons Liable to pay Wealth Tax<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Who is liable to Wealth Tax - Individual - Hindu Undivided Family – HUF - Company - Trust (As Individual) Who is not liable to pay Wealth Tax - Company registered u/s 25 of Companies Act, 1956 - Co-operative Society - Social Club - Political Parties - Mutual Fund u/s 10(23D) - Partnership Firm / AOP ( Note: - Though Partnership Firm / AOP are not liable to pay wealth tax, share of an assessee of the firm / AOP shall be included in his net wealth)