Net wealth computation defines taxable specified assets less permitted debts, establishing valuation rules and asset exclusions under the code. Computation of net wealth is the aggregate value of specified assets on the valuation date minus debts incurred in relation to those assets, with valuation methods prescribed and the valuation date fixed as the 31st of March. The statute lists categories of specified assets (real property, certain vehicles, jewellery, art, cash above thresholds, foreign deposits and interests, and shares in controlled foreign companies) and also enumerates exclusions and property-specific exceptions.