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Home > Forum > Chennai > Neighborhood Issues > Information about Wealth Tax.

Information about Wealth Tax.

Q: What is wealth tax? Is it to be paid annually or to be paid when one buys jewellery or property?

wealth tax
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Chennai Neighborhood Issues Neighborhood Issues in Chennai
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It is the tax based on the market value of assets that are owned. It is paid when your income exceeds Rs 15 lakhs.
Srinivas


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