Wealth Tax for urban land

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  1. brAjith

    brAjith New Member

    If I have a house which is given for rent and two urban land plots which are together 450 square metres and worth more than 30 lakhs , can I claim exemption for the urban land since it is totally less than 500 sqm and for the residential house since it is let out for more than 300 days? Please clarify.
     
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