10-03-2007, 06:26 PM
After the abolition of Wealth tax in 2001, no wealth tax is applicable on the wealth and hence no return is required to be filed. Wealth Tax Return was used to be filed up to Assessment Year 2000-2001 (If I remember correctly).
Wealth statement is just like the wealth tax return with the exception that one does not have to pay any wealth tax.
Wealth statement is just like the wealth tax return with the exception that one does not have to pay any wealth tax.
