Tax calculations of wealth tax exemption

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..... k the tax calculations in all cases where the net wealth exceeds Rs.10 lakhs. The position thus would be as under:- i) The Wealth-tax Officers should personally recheck the tax calculations in all the cases where the net wealth exceeds Rs.10 lakhs. ii) As already directed in Board's instruction No.465 referred to above, the Assistant Controllers of Estate Duty/Gift-tax Officers/Wealth-tax Offi .....

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