The following person is not liable to pay wealth tax under the Wealth-tax Act, 1957 —

CS Executive · Tax Laws and Practice · PYQS · December 2014
The following person is not liable to pay wealth tax under the Wealth-tax Act, 1957 —
(A) Individual
(B) HUF
(C) Company
(D) Partnership firm.

Answer & Explanation:

Correct Answer: Option (D)

Correct answer: (D) Partnership firm.. This answer applies to the historical law and assessment-year context of this December 2014 paper; later amendments may differ.

Topics: Wealth Tax Act, 1957

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