AUBSP Description

Definition of Deemed Assets under Wealth Tax Act

In computing the Net Wealth of the assessee, the value of certain assets held by other person shall be included.

In computing the Net Wealth of the assessee, the value of certain assets held by other person shall be included. These assets are commonly known as Deemed Assets. As per section 4 of Wealth Tax Act, 1957, the following assets shall be treated as Deemed assets:









Get Short URL:goo.gl


Once you've read this post, let me know by sending me a tweet. You may Subscribe to AUBSP via Email | Facebook | Twitter | and G+ Community .
Click to Add Your Comment

Step-1: To Get All Free Updates Directly in your Inbox Submit your Email ID

Step-2: Go to your inbox and confirm subscription.

Caution: Invalid Email ID Provider will be banned forever.