S. Jaykishan

Chartered Accountants

Wealth Tax

Wealth Tax

The CBDT has vide its notification dated 23.06.2014, notified Wealth-tax (1st amendment) Rules, 2014 which substitutes the existing Form of return of net wealth with a new form. The new Form prescribes certain new reporting clauses and substitutes some existing clauses with new ones. In the said rules, Form BB has been inserted in the Appendix after the existing Form BA.