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Wealth Tax, Other Topics

Issue Id: - 2576
Dated: 31-12-2010
By:- kiran modi

Wealth Tax

Contents

Can income tax liability outstanding as on valuation date be deductible from wealth in case of individual?

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 31-12-2010
By:- CA Rachit Agarwal

No, bother are payable under separate Acts.

Income under Income Tax Act, 1961 and Wealth Tax under Wealth Tax Act, 1957.

Page: 1

Old Query - New Comments are closed.

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