Tel : 022 6651 5100/5151
Fax : 022 66515150
Mail : sunil@sbgco.in

 

WEALTH TAX

 
     Wealth Tax     Basic Exemption  
 

Wealth Tax is a tax on the net wealth of the assessee as computed on the corresponding valuation date (31st March).

  Following entities are covered
  • Individual
  • Hindu Undivided Family
  • Company
  Following entities are not covered
  • Social Club
  • Co-operative Society
  • Political Party
  • Specified Mutual Fund
  • Section 25 company
 
 
Top
 
  Basic Exemption:

Wealth Tax is charged at the rate of 1% of the amount by which the net wealth exceeds Rs. 15 Lakhs.

Assets liable for Wealth Tax

  • Residential House (exceeding 1 self occupied house)
  • Motor Cars
  • Jewellery & Bullion
  • Yacht, Boats & Aircrafts
  • Urban Land
  • Cash in hand in excess of Rs. 50,000/-
 
  Top  
     

In this section you can download many useful files for free. We are keen to keep this section updated for your
service. Click Download Document button to see and download the files now!

Contact Details