Charge of wealth-tax

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..... but before the first day of April, 1993], a tax (hereinafter referred to as wealth-tax) in respect of the net wealth on the corresponding valuation date of every individual, Hindu undivided family and company 5at the rate or rates specified in 6[Schedule I]. 7[(2) Subject to the other provisions contained in this Act, there shall be charged for every assessment year commencing on and from the 1st .....

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..... w of omission of provision relating to additional wealth-tax. 3. Substituted vide Wealth-tax (Amendment) Act, 1964, w.e.f. 1-4-1965., before it was read as:- "financial year" 4. Inserted vide Finance Act, 1992, w.e.f. 1-4-1993. 5. Levy of wealth-tax was withdrawn on companies by the Finance Act, 1960, w.e.f. 1-4-1960. However, levy of wealth-tax was revived in a limited way by section 40of the .....

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