Wealth tax liability

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..... Dear all, Can you please suggest me in the following issue:- An individual run a proprietorship business and having liable to tax audit, on 31.3.2012 in his audited balance sheet show cash of Rs. .....

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..... 2,50,000/- is this cash liable for Wealth tax, this cash is a normal course of business activity totally use in the business of the individual (This cash is a productive asset) Can there is any ju .....

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..... dgement to exempt this excess cash for liable to wealth tax. regards, CA Vikas Aggarwal - Reply By CA GOPALJI AGRAWAL - The Reply = Keeping in view that your taxable wealth exceeds the l .....

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..... imit of Rs. 30.00 lac from other assets, cash in excess of 50K would be taxable in case of individual. - Wealth tax liability - Query Started By: - Vikas Aggarwal Dated:- 19-8-2013 Other Topics - G .....

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..... ot 1 Reply - Indian Laws - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - .....

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..... TaxTMI - TMITax .....

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