Wealth Tax Return Form

Notification No: 32/2014 dated 23/06/2014 (Wealth Tax Return Form)

From assessment year 2014-15 onwards, the return of net wealth (wealth tax return) in the case of individuals, Hindu undivided families and companies shall be in Form BB (wealth tax return form).

For the assessment year 2014‐15 and any other subsequent assessment year, the return of net wealth shall be furnished electronically under digital signature.

In the case of individual or Hindu undivided family to whom the provisions of section 44AB of the Income‐tax Act, 1961(43 of 1961) are not applicable, the return of net wealth may be furnished for assessment year 2014‐15 in a paper form.

Also, the return of net wealth required to be furnished in Form BB shall not be accompanied by a statement showing the computation of the tax payable on the basis of the return, or proof of the tax and interest paid, or any document or copy of any account or form of report of valuation by registered valuer required to be attached with the return of net wealth under any provisions of the Act.

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OnlineITreturn.com is an online portal for efiling your income tax return. We collect your information for income tax return filing over our website www.onlineITreturn.com. Thereafter the information for each individual is reviewed by our team of chartered accountants (CA) who prepares the tax computation. We then efile your income tax return using approved e-intermediaries.