9911796707
TMI BlogDemand in respect of wealth-tax on agricultural land.X X X X Extracts X X X X X X X X Extracts X X X X ..... land, etc. and the collections made against such demand. Accordingly, such demand and collection would have to be separately entered in the Notice of Demand, Challan, D CR and the DCR. As the existing forms do not provide for the separate accounting of demand and collection in respect of Wealth-tax on agricultural land etc. they are being revised. The printing of these revised forms would take ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... respect of an assessee whose net wealth consists of both agricultural land, etc and other taxable assets. It is, therefore, desired that the D CR should have two parts i.e. Part-I and Part II. In Part I, the following two types of cases should be entered:- a) The entire demand/collection where net wealth consists only of taxable assets other than agricultural land. etc. b) The demand/collect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... l not be necessary to bifurcate the DCR into two Parts, as would be done in the case of D CR, it would nevertheless be necessary to indicate in the D CR whether the collection pertains to the entries in part I or part II of the D CR. For this purpose the only change required would be in respect of column No.2 of the DCR which mentions "No. in the Demand Register." Here against the number in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... luded from the total demand unless the agricultural land; included in the net wealth, itself is located in an urban area and its value has been included for the purposes of calculating additional wealth-tax. 3. The existing columns in the D CR and the DCR do not provide for separate entries in respect of additional wealth-tax. It has been necessary, in the past to collect chargewise statistics ..... X X X X Extracts X X X X X X X X Extracts X X X X
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