Wealth Tax Return Service
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Product Overview
Key Features
We are engaged in offering excellent quality Wealth Tax Return Service to our valuable clients. The filing of income tax/wealth-tax return is a legal obligation of every person whose total income and wealth tax during the previous year exceeds the maximum amount which is not chargeable to income tax or wealth tax under the provisions of Wealth Tax Act 1957, as the case may be.
WHO: Who shall liable to file wealth tax return?
Every Individual, Hindu Undivided Family and Company whose net wealth exceeds the maximum amount which is not chargeable to wealth tax in any previous year ending of 31st March is liable to file the wealth tax return. The maximum limit of net wealth not chargeable to tax under the provisions of the Wealth tax Act, 1957 is INR 30 Lakhs.
NO RETURN IS REQUIREDTO FILED WHEN WEALTH TAX PAYABLE IS NIL.
What is Net Wealth?
Net wealth is the aggregate value, computed under the provisions of the W.T. Act, 1957, of all assets (including deemed assets), belonging to the assessee on the valuation date, MINUS the aggregate value of all debts owed by the assessee on the valuation date which have been taken in relation to the assets attracting wealth tax.
Rate of Wealth Tax:-
It is charged @ 1% of the amount by which the net wealth exceeds Rs. 30 Lakhs. The return should be furnished in the prescribed form (i.e. Form No. BA).
WHO: Who shall liable to file wealth tax return?
Every Individual, Hindu Undivided Family and Company whose net wealth exceeds the maximum amount which is not chargeable to wealth tax in any previous year ending of 31st March is liable to file the wealth tax return. The maximum limit of net wealth not chargeable to tax under the provisions of the Wealth tax Act, 1957 is INR 30 Lakhs.
NO RETURN IS REQUIREDTO FILED WHEN WEALTH TAX PAYABLE IS NIL.
What is Net Wealth?
Net wealth is the aggregate value, computed under the provisions of the W.T. Act, 1957, of all assets (including deemed assets), belonging to the assessee on the valuation date, MINUS the aggregate value of all debts owed by the assessee on the valuation date which have been taken in relation to the assets attracting wealth tax.
Rate of Wealth Tax:-
It is charged @ 1% of the amount by which the net wealth exceeds Rs. 30 Lakhs. The return should be furnished in the prescribed form (i.e. Form No. BA).
Company Details
Lock & Clock Consultants Pvt. Ltd., Established in 2012 at New Delhi in Delhi, is a leading service provider of Taxation Services in India. Lock & Clock Consultants Pvt. Ltd. is one of Trade India's verified and trusted names for listed services. With extensive experience in the field of Taxation Services, Lock & Clock Consultants Pvt. Ltd. has made a reputed name for itself in the market with satisfactory Income Tax Return (ITR) Service, Service Tax Registration And Return Service, Tax Deducted at Source (TDS) /Tax Collected at Source (TCS) Return Service, etc.
Focusing on a customer-centric approach, Lock & Clock Consultants Pvt. Ltd. has a pan-India presence and caters to a huge consumer base throughout the country. Get Taxation Services from Lock & Clock Consultants Pvt. Ltd. at Trade India quality-assured services.
Focusing on a customer-centric approach, Lock & Clock Consultants Pvt. Ltd. has a pan-India presence and caters to a huge consumer base throughout the country. Get Taxation Services from Lock & Clock Consultants Pvt. Ltd. at Trade India quality-assured services.
Business Type
Service Provider
Establishment
2012
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Seller Details
New Delhi, Delhi
Senior Consultant
Mr. Vikram Sharma
Address
Building no T-5139 A, 1st Floor, Pusa Road, jhande wala, near hanuman murty , Karol Bagh, Near Metro Pillar No. 73, New Delhi, Delhi, 110005, India
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