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    Wealth Tax Calculation

    Uploaded by

    Tarkeshwar Lal Srivastava
    This document contains details of a wealth tax calculation for an individual, including summaries of gross assets, exempted assets, assets chargeable to wealth tax, and debt owed. It includes annexures providing additional details on properties, computation of gross maintainable rent, net maintainable rent, and capitalized value of a property. In the end, it has a checklist of details required for valuation of a property for wealth tax purposes.

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    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd

    Wealth Tax Calculation

    Uploaded by

    Tarkeshwar Lal Srivastava
    24 views10 pages
    This document contains details of a wealth tax calculation for an individual, including summaries of gross assets, exempted assets, assets chargeable to wealth tax, and debt owed. It includes annexures providing additional details on properties, computation of gross maintainable rent, net maintainable rent, and capitalized value of a property. In the end, it has a checklist of details required for valuation of a property for wealth tax purposes.

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    Calculation

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    This document contains details of a wealth tax calculation for an individual, including summaries of gross assets, exempted assets, assets chargeable to wealth tax, and debt owed. It includes annexures providing additional details on properties, computation of gross maintainable rent, net maintainable rent, and capitalized value of a property. In the end, it has a checklist of details required for valuation of a property for wealth tax purposes.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    24 views10 pages

    Wealth Tax Calculation

    Uploaded by

    Tarkeshwar Lal Srivastava
    This document contains details of a wealth tax calculation for an individual, including summaries of gross assets, exempted assets, assets chargeable to wealth tax, and debt owed. It includes annexures providing additional details on properties, computation of gross maintainable rent, net maintainable rent, and capitalized value of a property. In the end, it has a checklist of details required for valuation of a property for wealth tax purposes.

    Copyright:

    © All Rights Reserved
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    of 10

    WEALTH TAX CALCULATION

    PARTICULARS SECTION NO. ANNEXURE AMOUNT


    GROSS ASSETS SEC 2(ea) 1 -
    DEEMED ASSETS SEC 4 2 -
    TOTAL ASEETS -
    EXEMPTED ASEETS SEC 5 3
    ASSETS CHARGEABLE TO -
    WEALTH TAX
    DEBT OWED SEC 2(m) 4
    NET WEALTH -
    EXEMPT INCOME 1,500,000.00
    TAX -

    ANNEXURE 1

    GROSS ASSETS
    1 PROPERTIES SEC 2(ea)(i)
    a) GUEST HOUSE -
    b) RESIDENTIAL HOUSE -
    c) FARM HOUSE -
    TOTAL -

    2 MOTOR CARS SEC 2(ea)(ii) -

    3 JEWELLERY SEC 2(ea)(iii) -

    4 YACHTS SEC 2(ea)(iv) -


    BOATS -
    AIRCRAFTS -
    TOTAL -

    5 LAND: SEC 2(ea)(v)


    -URBAN LAND -
    -AGRICULTURAL LAND EXEMPT
    TOTAL -

    6 CASH IN HAND SEC 2(ea)(vi) -

    GRAND TOTAL -

    NOTE: Dear Friends,


    I am updating this programme (Annexure 2,3,4) and will upload earliest possib
    ON
    AMOUNT
    -
    -
    -

    -
    1,500,000.00
    -

    ANNEXURE 1

    -
    -
    -
    -

    -
    -
    -
    -

    -
    EXEMPT
    -

    oad earliest possible


    COMPUTATION OF GMR

    1 ACTUAL RENT(RECEIVED/RECEIVABLE) -
    FAIR RENTAL VALUE(MV) -
    ANNUAL RENT -

    2 MUNCIPLE TAXES PAID BY TENANT -

    3 1/9 OF ACTUAL RENT (R&M BY TENANT) - -

    4 ADVANCE DEPOSITS (RENT IF >3MONTHS) -


    PERIOD OF DEPOSITS HELD (IN MONTHS) -
    INTEREST ON ADVANCE DEPOSITS -
    ACTUAL INTEREST PAID - -

    5 PREMIUM FOR LEASE -


    NO. OF YEARS OF LEASE 1 -

    6 PERQUISITE VALUE FROM SUCH HOUSE -

    GROSS MAINTAINABLE RENT -


    COMPUTATION OF NMR

    1 GROSS MAINTAINABLE RENT -

    2 MUNCIPAL TAXES LEVIED -

    3 15% OF GMR -

    NET MAINTAINABLE RENT -

    LEASEHOLD PROPERTIES YES / NO NO

    PERIOD OF LEASE -
    COMPUATION OF CPITALISED VALUE FREEHOLD

    1 NET MAINTAINABLE VALUE -

    2 VALUE OF PROPERTY -

    3 DATE OF ACQUISITION / CONSTRUCTION 30-Dec-99

    4 COST OF ACQUISITION -
    COST OF CONSTRUCTION -
    COST OF IMPROVEMENT -
    TOTAL -

    5 CAPITALISED VALUE -

    6 ADJUSTMENTS PREMIUM -

    7 DEDUCTION

    VALUE OF PROPERTY AS PER WEALTH TAX ACT -


    ADJUSTMENT AREA/SQ FT

    COSTRUCTED AREA -

    UN-BUILT AREA -

    AGGREGATE AREA -

    TYPE OF CITY MP / SC / OP -

    SPECIFIED AREA -

    EXCESS AREA -

    AMOUNT OF PREMIUM -
    CHECK LIST FOR VALUATION OF PROPERTY

    DATE OF ACQUISITION DATE


    COST OF ACQUISITION RS.
    COST OF CONSTRUCTION RS.
    COST OF IMPROVEMENT RS.
    TOTAL AREA OF PROPERTY
    -CONSTRUCTED Sq/Ft
    -UNBUILT Sq/Ft
    PLACE / CITY NAME TEXT
    TYPE OF CITY / PLACE MP / SC / OP
    ANNUAL RENT OF PROPERTY RS.
    MUNCIPAL VALUE OF PROPERTY RS.
    TOTAL MUNCIPAL TAXES
    -PAID BY TENANT RS.
    -PAID BY OWNER RS.
    REPAIR & MAINTAINANCE BY TENANT YES / NO
    ADVANCE RENT DEPOSITS
    (If it is more than 3 Months)
    PERIOD OF DEPOSITS IN MONTHS
    ACTUAL INTEREST PAID TO TENANT RS.
    PREMIUM OF LEASE (If leased-Out) RS.
    TOTAL PERIOD OF LEASE (If Leased) IN YEARS
    PERIOD OF LEASE-PREMIUM IN YEARS
    PERQUISITE VALUE FROM SUCH HOUSE RS.
    F PROPERTY

    30-Dec-99
    -
    -
    -
    -
    -
    -

    -
    -
    -
    -
    -

    -
    -
    -
    -
    1
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