Section 92 - Amendment of section 5 - Finance Act, 1992

92. Amendment of section 5 In section 5 of the Wealth-tax Act, with effect from the 1st day of April, 1993, - (a) in sub-section (1), - (i) the brackets, figures, words and letter (1) subject to the provisions of sub-section (1A), , occurring in the opening portion, shall be omitted; (ii) clause (xiv) and (xxxiii) shall be renumbered as clauses (iv) and (v) and the existing clause (iv) to (xiii), clauses (xv) to (xxxii) and clause (xxxiv) shall be omitted; (b) sub-sections (1A) to (4) shall be omitted.