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Union Budget 2015-16: Govt abolishes wealth tax
Wealth tax is computed on the market value of all the assets you own.
FM Arun Jaitley

FM Arun Jaitley

The government has abolished wealth tax in its Budget for 20150-16. Wealth tax is computed on the market value of all the assets you own.

Displaying the government's intent on implementing a new indirect tax regime for India, Finance Minister Arun Jaitley on Saturday announced that the proposed Goods and Services Tax (GST) Bill will be implemented from April next year.

UNION BUDGET 2015-16:Live Blog | Full Coverage

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