Wealth Tax Valuer
- A Few Words Who We Are.
A Few Words Who We Are.
While comparing an individual's income tax obligation; awareness of wealth tax is minimum. In our country wealth tax is determined by individual's nationality, residential status or location of an asset. Also, Indian's have to pay the wealth tax even on global assets.
Basically, wealth tax is a tax which is based on the market value of an asset that is owned by an
individual. Assets which are not limited to cash, deposits, fixed assets, cars, pension plan etc. Any tax
which is payable on the property or any intangible asset are included in wealth tax. This will depend on
the difference between the assets and liabilities.
Government approved valuers helps the individual to find out the tax which has to paid by them to the government and for this property, assets, cash or other deposits has to be valued first so that an individual will pay the minimum or bearable tax to the government . An individual is unaware of the exemptions that are applicable for the valuation or calculation of the wealth tax. This tax is applicable on property, jewellery or vehicle also.