Charge of wealth-tax

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..... ng on and from the first day of April, 1957 4 [ 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 5 at the rate or rates specified in 6 [ Schedule I ] . 7 [ (2) Subject to the other provisions contained in this Act, there shall .....

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..... he Direct Tax Laws (Amendment) Act, 1987, w.e.f. 1-4-1989, has become redundant in view 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 Levy of wealth-tax was withdrawn on companies by the Finance Act, 19 .....

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