Return of wealth

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..... he due date, furnish a return of his net wealth or the net wealth of such other person as on that valuation date in the prescribed form and verified in the prescribed manner setting forth particulars of such net wealth and such other particulars as may be prescribed. Explanation . In this sub-section, due date in relation to an assessee under this Act shall be the same date as that applicable .....

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..... (2), as amended by the Repealing and Amending Act, 1960, w.e.f. 26-12-1960, Wealth-tax (Amendment) Act, 1964, w.e.f. 1-4-1965 and Finance Act, 1970, w.e.f. 1-4-1970, stood as under : "(1) Every person, if his net wealth or the net wealth of any other person in respect of which he is assessable under this Act on the valuation date was of such an amount as to render him liable to wealth-tax under .....

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..... ne aforesaid, the return in respect of such net wealth for the assessment year may be furnished before the expiry of the time of furnishing such return of income. (2) If the Assessing Officer is of the opinion that any person is assessable under this Act, whether in respect of his net wealth or the net wealth of any other person, then, notwithstanding anything contained in sub-section (1), he ma .....

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