Multiple choice

The following assets attract wealth tax. Examine the undernoted: (a) Guest houses (b) Commercial buildings (c) Agriculture land (d) Jewellery (e) Aircrafts and yachts

Which of the above is/are incorrect?

  1. Only (a)

  2. Only (b)

  3. Only (c)

  4. Both (d) and (e)
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Agricultural land is outside the purview of wealth tax.

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