Notes on clauses - Wealth-tax

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of Explanation 1 to the said clause (ea) defines the term urban land . It is proposed to amend clause (b) of Explanation 1 to clause (ea) of section 2 so as to provide that land situated in any area within the distance, measured aerially, (I) not being more than two kilometres, from the local limits of any municipality or cantonment board referred to in clause (i) and which has a population of mor .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rule making power of the Board. It is proposed to insert a new section 14A so as to provide that the Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, audit reports, reports of registered valuer or any other documents, which are otherwise under any other provisions of this Act, except section 14B, requ .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... auses (ba) and (bb) in sub-section (2) of section 46 which provides for rule making powers of the Board. These amendments will take effect from 1st June, 2013. Clause 53 of the Bill seeks to amend section 46 of the Wealthtax Act relating to power of the Board to make rules. It is proposed to insert new clauses (ba) and (bb) in subsection (2) of the said section which are consequent to insertion of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X