National Savings Scheme deposits included in wealth-tax law via amendment, linking deposits to income-tax savings reference. An amendment inserts a new clause into section 5(1) of the Wealth-tax Act expressly covering deposits made under the National Savings Scheme as referred to in the income-tax provision, thereby creating a statutory linkage between the Wealth-tax provision and the Income-tax reference; the insertion is made effective from 1st April, 1988.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
National Savings Scheme deposits included in wealth-tax law via amendment, linking deposits to income-tax savings reference.
An amendment inserts a new clause into section 5(1) of the Wealth-tax Act expressly covering deposits made under the National Savings Scheme as referred to in the income-tax provision, thereby creating a statutory linkage between the Wealth-tax provision and the Income-tax reference; the insertion is made effective from 1st April, 1988.
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