Explanation to clauses (xxxi) & (xxxii) of sub-section (i) of section 5 of the Wealth Tax Act.

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..... ember 24, 1977 Section(s) Referred: 5(1) Statute: Wealth Tax Act, 1957 The Board have in consultation with the Ministry of Law, examined the question as to whether (i) tanneries,(ii) rice mills, (i .....

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..... 5(1) of the W.T.Act, 1957. As such the relevant assets shall not be included in the net wealth, subject of course, to the ceiling laid down in section 5(1A).
Circular, Trade Notice, Public Notice .....

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