Explain the deductions of wealth tax act
Answers
Answered by
0
hiiii friend!!
_____________________________________________________________
The tax levied by the government on a person's personal net wealth or capital is called wealth tax. Net wealth is the net value of a person's assets. The Wealth Tax Act 1957 lays down the rules governing wealth tax in India. It applies to three kinds of assessees viz. Individuals, HUFs and companies.
______________________________________________________________
hope this helps u!!
_____________________________________________________________
The tax levied by the government on a person's personal net wealth or capital is called wealth tax. Net wealth is the net value of a person's assets. The Wealth Tax Act 1957 lays down the rules governing wealth tax in India. It applies to three kinds of assessees viz. Individuals, HUFs and companies.
______________________________________________________________
hope this helps u!!
Similar questions