Wealth tax Planning & Compliance


Need for Wealth Tax Planning and Compliance :

As per the Wealth Tax Act, 1957, every Individual, HUF and Company are required to pay Wealth Tax at the rate of 1%, if his Net Wealth computed as at 31st March exceeds Rs. 30 lakhs.

For Computing the Net Wealth, values of following assets are required to be considered:

  1. Value of Immovable property( Except one Residence house)
  2. Value of Movable property
    1. Motor Car
    2. Jewellery
    3. Yachts
    4.  Cash in hand (above prescribed limit)
  3. Interest held in the Assets of the Firm or Association of Person as a Partner or Member thereof

How our service can assist

  • Wealth Tax Planning for Corporate, HUF & Individual.
  • Filing of Wealth Tax Returns for Corporate, HUF & Individual.

Useful links

Useful Tables

Criteria showing Agricultural Land for Wealth Tax