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Q. > Please Help: wealth tax
Is disputed house property liable for wealth tax???
answered Nov 08, 2011 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
answered Nov 09, 2011 by Vikas Kundu , New Delhi
the person who has the possession over the property will be liable pay the wealth tax till than matter gets resolved.
answered Nov 10, 2011 by PRIYANKA , GREATER NOIDA
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.
answered Jul 03, 2012 by Rambabu Senkarasetti , Guntur
Yes.
answered Jul 03, 2012 by Rambabu Senkarasetti , Guntur
Yes.
Experts Panelist
Comments
CA sheekhr
08-Nov-2011 , 12:10:35 pmand 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
CA sheekhr
08-Nov-2011 , 12:10:35 pmand 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
CA sheekhr
08-Nov-2011 , 12:10:35 pmand 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
CA sheekhr
08-Nov-2011 , 12:13:59 pmand 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
Vikas Kundu
09-Nov-2011 , 11:58:03 pmthe person who has the possession over the property will be liable pay the wealth tax till than matter gets resolved.