Net wealth to include certain assets.

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..... in the form they were transferred or otherwise),— (a) by the spouse of such individual to whom such asset has been transferred by him, directly or indirectly, otherwise than for adequate consideration or in connection with an agreement to live apart; (b) by a minor child, not being a person with disability or person with severe disability, of such individual; (c) by a person to whom such ass .....

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..... and which are held by him on the valuation date. (3) In this section,— (a) the asset referred to in clause (b) of sub-section (1) shall be included in the net wealth of— (i) the parent who is the guardian of the minor child; or (ii) the parent whose net wealth (excluding the assets referred to in that clause) is higher, if both the parents are guardians of the child; (b) a transfer shal .....

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