Amendment of Act 27 of 1957

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..... (1) in relation to the assessment year commencing on the 1st day of April, 1969, or any earlier assessment year - (i) agricultural land and growing crops, grass or standing trees on such land; (ii) any building owned or occupied by a cultivator of, or receiver of rent or revenue out of, agricultural land : Provided that the building is on or in the immediate vicinity of the land and is a building .....

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..... est in property where the interest is available to an assessee for a period not exceeding six years from the date the interest vests the assessee;; (b) in section 5, in sub-section (1), - (i) after clause (iv), the following clause shall be inserted with effect from the 1st day of April, 1970, namely :- (iva) agricultural land belonging to the assessee subject to a maximum of one hundred and fifty .....

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..... icultural land and grass on such land; ; (iii) for clause (ix) and the Explanation thereto, the following clause (ix) and Explanation shall be substituted with effect from the 1st day of April, 1970 namely :- (ix) the tools, implements and equipment used by the assessee for cultivation, conservation, improvement or maintenance of agricultural land for the raising or harvesting of any agricultural .....

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..... agraph A of Part I of the Schedule or Part II of the Schedule, the wealth-tax chargeable is nil, or (B) the net wealth assessed under section 17, where assessment has been made under that section, as reduced by - (1) the net wealth, if any, assessed previously under section 16 or section 17, or (2) the amount of net wealth on which, in accordance with the rates of wealth-tax specified in Paragraph .....

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..... se may be, the net wealth assessed under section 17 as reduced by - (i) the net wealth, if any, assessed previously under section 16 or section 17, or (ii) the net wealth declared in the return, if any, furnished by such person under section 17, whichever is greater;. - statute, statutory provisions legislation, law, enactment, Acts, Rules, Regulations, Taxation Tax Management India - taxmanagem .....

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