At present, Wealth Tax is charged in India at 1% if the value of assets that exceed?
At present, Wealth Tax is charged in India at 1% if the value of assets that exceed?
[A]Rs. 20 Lakh
[B]Rs. 30 Lakh
[C]Rs. 40 Lakh
[D]Rs. 50 Lakh
Rs. 30 Lakh
At present, wealth tax is charged at 1 percent of the value of assets exceeding Rs 30 lakh and does not include one residential property and financial assets. There is no wealth tax on agriculture land.
