Please Help: wealth tax
Posted Date : 07-Nov-2011 , 01:59:39 pm | Posted By: Aditi
Category :
Income Tax | Answers :
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Comments :
5| Hits: 639
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Is disputed house property liable for wealth tax??? |
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Answers:
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 Answer by: CA Sheekhr |
| As per U. S.Nayak v CWT if the title of property is under dispute the purchaser of the property is liable to pay the wealth tax
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| Answer by: Vikas Kundu |
| the person who has the possession over the property will be liable pay the wealth tax till than matter gets resolved.
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| Answer by: PRIYANKA |
| Yes, disputed house property is also liable for wealth tax, title being in dispute does not mean that the house property would no longer be lible to wealth tax, and libility to wealth tax would be as explained above by Mr. vikas and shekhar.
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| Answer by: Rambabu Senkarasetti |
| Yes.
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| Answer by: Rambabu Senkarasetti |
| Yes.
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| Comments |
| Posted By : Vikas Kundu |
09-Nov-2011, 11:58:03 |
| the person who has the possession over the property will be liable pay the wealth tax till than matter gets resolved. |
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| Posted By : CA Sheekhr |
08-Nov-2011, 12:13:59 |
| and if the property is not sold then As per N Nazeerruddin 244 ITR 233 if there is a dispute pending then the assesse will give a undertaking that if he won the case then he will pay the w.tax |
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| Posted By : CA Sheekhr |
08-Nov-2011, 12:10:35 |
| and if the property is not sold then As per N Nazeerruddin 244 ITR 233 if there is a dispute pending then the assesse will give a undertaking that if he won the case then he will pay the w.tax |
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| Posted By : CA Sheekhr |
08-Nov-2011, 12:10:35 |
| and if the property is not sold then As per N Nazeerruddin 244 ITR 233 if there is a dispute pending then the assesse will give a undertaking that if he won the case then he will pay the w.tax |
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| Posted By : CA Sheekhr |
08-Nov-2011, 12:10:35 |
| and if the property is not sold then As per N Nazeerruddin 244 ITR 233 if there is a dispute pending then the assesse will give a undertaking that if he won the case then he will pay the w.tax |
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