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Wealth Tax Related Query, Income Tax

Issue Id: - 107916
Dated: 30-1-2015
By:- Tarang Mitttal

Wealth Tax Related Query

Contents

My query is regarding exemption available in calculating wealth as on 31st March under wealth tax act. whether exemption available if a person has only 1plot which is of 800 square metre...???

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Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 30-1-2015
By:- Deepak Aggarwal

Dear Mittal ji,

Exemption is available for one house or part of a house or a plot of land belonging to an individual or a Hindu undivided family. Provided plot of land comprising an area of five hundred square meters or less.

^Thanks

Page: 1