Please Help: wealth tax
Posted Date : 07-Nov-2011 , 01:59:39 pm | Posted By Aditi
Is disputed house property liable for wealth tax???
Category : Income Tax | Answers : 5 | Comments : 5 | Hits : 643
Answers
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
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.
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.
Answer By: Rambabu Senkarasetti
Yes.
Answer By: Rambabu Senkarasetti
Yes.
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.