Definition of company expanded to include statutory corporations, Board-declared bodies, and foreign corporates for wealth-tax purposes. Amendment expands the Wealth-tax Act's definition of "company" to include entities registered under the Companies Act, companies formed under former ... Summary
Definition of company expanded to include statutory corporations, Board-declared bodies, and foreign corporates for wealth-tax purposes.
Amendment expands the Wealth-tax Act's definition of "company" to include entities registered under the Companies Act, companies formed under former company laws, corporations established by or under central or state enactments, institutions or associations the Board may declare to be companies for specified assessment years, and bodies corporate incorporated under foreign laws.
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