IndiaMART > Business Auditing & Valuation > Wealth Management Services
Wealth Tax In India

Wealth Tax In India

Get Latest Price
Wealth tax came into existence on 1st April 1957. Wealth tax is derived from the property owned by the proprietor. The proprietor needs to pay tax every year on property owned by them. The residential property that does not yield any income to its owner is also subjected to wealth tax.Wealth tax is termed as most significant direct tax. As per the wealth tax act, wealth tax is applicable to the following:
- An
Contact SellerAsk for best deal
Get Latest PriceRequest a quote

Mathews Finserv

Pipliya Hana, Indore, Madhya Pradesh
View Mobile Number
Call +91-8048864863
Verified Supplier
Service Provider
Ask for more details from the seller
Contact Seller

Product Details

Product Description

Wealth tax came into existence on 1st April 1957. Wealth tax is derived from the property owned by the proprietor. The proprietor needs to pay tax every year on property owned by them. The residential property that does not yield any income to its owner is also subjected to wealth tax.Wealth tax is termed as most significant direct tax. As per the wealth tax act, wealth tax is applicable to the following:

  • An individual person
  • A group of people who own a property
  • A company or organization
  • A Hindu undivided family (HUF)
  • Person belongs to 1-by -6 categories
  • A representative or heir of a dead person
  • Non corporative tax payer
The chargeability of a wealth tax in India for its residence or foreign citizens are different. Any person who is resident of India has to pay wealth tax under his/her name. If owner of property is deceased, heir of the property is bound to pay the wealth tax of the property.

If a person owns a citizenship of a foreign country and he/she acquires a property in India as well as in foreign country. Under those circumstances the property owned by the owner in India is taxable where as property located outside India is exempted from the list. All assets and debts outside India are out of the scope of Wealth Tax Act.
Interested in this service?Get Latest Price from the seller
Contact Seller

Product Image

Wealth Tax In India

Company Details


About the Company

Nature of BusinessService Provider
IndiaMART Member SinceSep 2010
Investing means investing for growth with complete protection. We at Mathews Finserv, believe that protection of your fund is a prime job and it needs to be addressed with lots of knowledge and proper planning. Hence we follow a four step process of Financial Planning Risk Profiling, Goal Planning, Portfolio structuring and portfolio tracking.
We use a wide range of products to achieve the financial Goals of our clients- Mutual Funds, Stocks, Fixed Deposits etc. We strongly recommend and use Mutual Funds in every clients portfolio creation, due to its lot many advantages over other investment products, like- diversification, professional approach and steady .
Send your enquiry to this supplier
I agree to the terms and privacy policy

Seller Contact Details

Mathew Abraham

Lic Premium Point Plot Number 25, G- Ab Ida, Scheme Number 94
Pipliya Hana
Indore - 452001, Madhya Pradesh, India

View Mobile No.
Call +91-8048864863
Send SMS
Send Email
Tell us what you
need
Receive seller
details
Seal the deal
Pay with IndiaMART
Save time! Get Best Deal
I agree to the terms and privacy policy



X
Hi
I agree to the terms and privacy policy
Verifying...
1

Have a requirement?
Get Best Price

Hi
I agree to the terms and privacy policy
Verifying...
1

Have a requirement?
Get Best Price