Rule 3B - Conditions for reference to Valuation Officers - Wealth Tax Rules, 1957

1 [ Conditions for reference to Valuation Officers. 3B. The percentage of the value of the asset as returned and the amount referred to in sub-clause (i) of clause (b) of sub-section (1) of section 16A shall, respectively, be 33 1 / 3 per cent and Rs. 50,000.] ---------------------- Notes:- 1. Inserted vide Wealth-tax (Third Amendment) Rules, 1972, w.e.f. 1-1-1973.