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Wealth-tax - Highlights / Catch Notes

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Taxability to wealth tax - land is agricultural land in the ...


Agricultural land exempt from wealth tax under proviso to Section 2(ea)(b) due to its classification and use.

April 26, 2016

Case Laws     Wealth-tax     AT

Taxability to wealth tax - land is agricultural land in the revenue record and has been used for agricultural purposes thus proviso to Section 2(ea)(b) would be applicable and the same would not be chargeable to wealth tax - AT

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