How to Compute Net Wealth - Wealth Tax Law & Procedure - Wealth-tax

How to Compute Net Wealth<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /> Net wealth shall be computed as under: - aggregate value of all assets belonging to the assesee computed as per schedule III Plus - aggregate value of all assets required to be included in the net wealth of the assessee u/s 4 computed as per schedule III Minus - Exemption under section 5 Minus - Debts owed by the assessee in relation to the assets included in his net wealth