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Wealth tax act 1957

Wealth tax act 1957

Name: Wealth tax act 1957

File size: 76mb

Language: English

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The Wealth Tax Act, was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, Hindu Undivided Family (HUF) or. Section - 8. Wealth-tax authorities and their jurisdiction Section - 8AA. Concurrent jurisdiction of Inspecting Assistant Commissioner and Wealth-tax Officer. can gain knowledge on various provisions of Wealth Tax Act, Here, it is to be noted that Wealth-tax Act, is abolished w.e.f. Basic provisions.

(1) This Act may be called the Wealth-tax Act, (2) It extends to the whole of India. (3) It shall be deemed to have come into force on the 1st day of April. The right to receive compensation under the W.B. Estate Acquisition Act, constitutes an “asset” under section 2(e) of the Wealth-tax Act, even though . Wealth tax is governed by Wealth Tax Act, In this part you can gain knowledge on various provisions of Wealth Tax Act, Here, it is.

The Wealth Tax Act, which came into force from AY occupies place of importance in the Indian Taxation System. Though it has got. WEALTH TAX ACT, AS. AMENDED BY FINANCE ACT SETTLEMENT OF CASES. 22A. In this Chapter, unless the context otherwise requires, a. (1) This Act may be called the Wealth-tax Act, (2) It extends to the whole of India 1. (3) It shall be deemed to have come into force on the 1st day of April.

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