Search Results for Tag : wealth tax
Judgments
Supreme Court values excess land owned by Wadiyar royalty(21.09.2015)
In a question on valuation of property for the purposes of wealth tax, the Supreme Court held that property, the overall area of which exceeded that a.....
Tags : Ceiling, valuation, land, wealth tax
Notifications & Circulars
Wealth tax return not required 2016-2017 onwards(01.04.2016)
With the Central Government’s recent decision to abolish the wealth tax, the NewsNo Wealth Tax Exemption for Mysuru’s Erstwhile Royal Family: Karnataka HC(07.09.2018)
Karnataka HC has held that 28-acre land at Palace Grounds, in custody of Mysuru’s erstwhile royal family is not exempted from Wealth Tax.
Tags : Karnataka High Court, Wealth Tax
Certificate from Collector has to be placed by the assessee to determine that particular land comes under the urban land or agricultural land(27.07.2022)
The assessee is an individual derives income by way of rent, interest and agriculture etc. The assessee filed return of net wealth for A.Y. 2010-11 de.....
Tags : Wealth tax, Addition, Legality