 "What is Wealth Tax")
Wealth Tax
About Wealth Tax
What is Wealth Tax
Wealth tax was a charge levied on the total or market value of personal assets. Also known as capital tax or equity tax, wealth tax was imposed on the richer sections.
Wealth tax included certain prescribed assets, such as building or land (with certain exceptions), vehicles, jewellery, bullion, yachts, boats and aircraft (other than those ones used for commercial purposes), urban land, and cash in hand exceeding a certain amount. A net wealth tax deducted liabilities from an individual's wealth, primarily mortgages and other loans.
According to the Wealth Tax Act, 1957, an individual, Hindu Undivided Family (HUF) and companies are required
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Latest Updates on Wealth Tax
Looking to hide your wealth? There's no country more helpful than the US
President Joe Biden has made transparency reforms a key pillar of his foreign policy, vowing to tackle tax evasion and money laundering
 "Looking to hide your wealth? There's no country more helpful than the US")
Updated On : 17 May 2022 | 8:46 AM IST
Economy in stagflation; Budget must tax the wealthiest: Jayati Ghosh
Economy faces 'massive problem' of poor demand and corporations acknowledge that, says the economist.
 "Economy in stagflation; Budget must tax the wealthiest: Jayati Ghosh")
Updated On : 31 Jan 2022 | 1:45 AM IST
BS Number Wise: A case for taxing India's rich on stock market profits
As economic inequality in the country widens, crorepatis pay very little on long-term capital gains
 "BS Number Wise: A case for taxing India's rich on stock market profits")
Updated On : 28 Jan 2022 | 9:11 PM IST
Sitharaman's infrastructure push need not be a pipe-dream: Here's how
The government should be happy that they are still buying civilization by investing in infrastructure bonds instead of paying their full taxes.
 "Sitharaman's infrastructure push need not be a pipe-dream: Here's how")
Updated On : 29 Jan 2020 | 1:38 PM IST
