TMI BlogWealth Tax-Clarification of Sec.5(1)(xxxiii).X X X X Extracts X X X X X X X X Extracts X X X X ..... entations from various quarters seeking clarification as to the assessment year from which the provisions of section 5(1)(xxxiii) is applicable. Sub-section (1) of section 5 of the Wealth-tax Act, 195 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o India and there is no warrant for any gap for the purpose of commencement of exemption after the return of the person to India. 3. It is further clarified that as the particular clause (Clause (xxx ..... X X X X Extracts X X X X X X X X Extracts X X X X
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