Providing Excellent Professional Services with Integrity.
Finding The Right Balance For Improved Performance
Stimulating Competition By Creating Opportunities
Timely Solutions To Business Problems
Goals Aligned With Business Needs & Priorities
A wealth tax is a tax on the accumulated stock of purchasing power, in contrast to income tax, which is a tax on the flow of assets (a change in stock). Wealth tax is a direct tax levied on the ownership of certain assets by individuals and Hindu Undivided Families (HUFs) even though these assets may not generate any income. It is governed by the Wealth Tax Act, 1957.
As per the wealth tax act, wealth tax is applicable to the following: