Wealth tax Term Meaning in Real Estate - Guide

It is a tax on all valuable possessions.

Kopal Cheema

7 years ago

Published Date: Apr 04, 2018

Updated Date: Mar 27, 2024

Wealth refers to all assets including money and valuable possessions. A tax levied by the government on this personal capital is known as wealth tax. In India, it is payable at 1% of the net value of taxable wealth if it exceeds Rs 30 lakh as on valuation date for the financial year.

#tax #wealth #finance #dwello #india #realestate

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