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Wealth-tax - Highlights / Catch Notes

Home Highlights August 2012 Year 2012 This

Valuation - exempted asset under wealth tax - residential house ...


Residential House Deemed Exempt Under Wealth Tax Despite Owner's Long Absence, Meeting Rule 3 Proviso Conditions.

August 23, 2012

Case Laws     Wealth-tax     AT

Valuation - exempted asset under wealth tax - residential house - even though the assessee did not stay in the house so long, this house is exclusively for residential purpose, the condition as enumerated in the third proviso to Rule 3 are satisfied - AT

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