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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Finance Act 2015 amends Wealth-tax Act 1957: Updates section 3(2) with new applicable period from April 1, 1993.</h1> Section 81 of the Finance Act, 2015, amends the Wealth-tax Act, 1957. Specifically, in section 3, sub-section (2), the amendment inserts the phrase 'but before the 1st day of April, 2016' following 'from the 1st day of April, 1993.' This change is effective from April 1, 2016, and delineates the applicable period for certain provisions under the Wealth-tax Act.