define wealth tax explan deduction under wealth tax
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All individuals and Hindu Undivided Family with net wealthabove Rs. 30 lakh were required to pay wealth tax. Wealth tax was based on the valuation of assets as on March 31 and would, therefore, be applicable on any assets acquired at the end of a financial year.
All individuals and Hindu Undivided Family with net wealthabove Rs. 30 lakh were required to pay wealth tax. Wealth tax was based on the valuation of assets as on March 31 and would, therefore, be applicable on any assets acquired at the end of a financial year.
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