wealth tax

dasd (Querist) 21 December 2009 This query is : Resolved
whether land & bdg both are assessed separately in wealth tax

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Raj Kumar Makkad (Expert) 22 December 2009
yes.

soumitra basu (Expert) 22 December 2009
yes

Vineet (Expert) 22 December 2009
No building is assessed in isolation of land on which it is erected or the land appertenant to such building.

If the land is vacant, the same is assessed as per its location, nature, use as prescribed in law.

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