Computation of net wealth

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..... belonging to the person referred to in this section, computed in accordance with the provisions of sub-section (5); B = the aggregate of the value on the valuation date, of all the debts, owed by the person, which have been incurred in relation to the specified assets. (2) The specified assets referred to in sub-section (1) shall be the following, namely:— (a) any building or land appurtenant ther .....

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..... sand rupees; (h) cash in hand, in excess of two lakh rupees, of individuals and Hindu undivided families; (i) deposit in a bank located outside India, in case of individuals and Hindu undivided families, and in the case of other persons any such deposit not recorded in the books of account; (j) any interest in a foreign trust or any other body located outside India (whether incorporated or not) ot .....

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..... ernment before the commencement of the Wealth-tax Act, 1957, as it stood before the commencement of this Code; or (ii) by the Board at the time of his first assessment to wealth-tax under the Wealth-tax Act, 1957, as it stood before the commencement of this Code; (c) the value of the assets located outside India, if the person is a non resident; and (d) any one house or part of a house or one vaca .....

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