#Wealth-tax Act
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Income Tax
Income Tax
No wealth tax on land used for business purpose by construction / set up of office and service centre
Income Tax
Income Tax
Wealth Tax on land and building which is not used for business purposes
Income Tax
Income Tax
No seizure of Jewellery If gross weight disclosed in regular return exceeds jewellery found during search
Income Tax
Income Tax
CBDT instructions on seizure of jewellery and ornaments are discretionary
Income Tax
Income Tax
Penalty cannot be levied on suo-motto additional wealth declared in revised belated return
Income Tax
Income Tax
Value declared in Wealth Tax Return cannot be taken as Cost of Acquisition
Income Tax
Income Tax
Wealth Tax not payable on Cash Balance generated out of Cash Sales
Income Tax
Income Tax
Re-Assessment under Wealth Tax Act without supplying reason for same is invalid
Income Tax
Income Tax
Two different floors of one house property cannot be treated as two different residential houses
Income Tax
Income Tax
Royal Buggy used by royal family for ceremonial occasions is exempt from Wealth Tax
Income Tax
Income Tax
How to file online Rectification Request for Wealth Tax Return
Income Tax
Income Tax
Search and seizure are reasonable cause for delay in filing & Payment of Wealth Tax
Income Tax
Income Tax
Interest in leasehold property includible in net wealth of assessee if he exercises power of owner on it
Income Tax
Income Tax
Land eligible for wealth tax exemption even on conversion as non-agricultural if used for agricultural purposes
Explore the latest Wealth-tax Act updates on TaxGuru, including relevant legal provisions, notifications, circulars, case laws, compliance developments and expert analysis. This page brings together important developments and practical guidance to help taxpayers, businesses and professionals stay informed and understand the regulatory and commercial implications of changes.
