Net wealth inclusion: minor's assets allocated to one parent, with exclusions for assets from the minor's own income. Amendments to section 4 revise net-wealth inclusion rules: remove certain transfer and minor-child references, delete subsection (3), exclude from capture assets a minor holds that were acquired out of his own income referred to in the proviso to section 64(1A) of the Income-tax Act and held on the valuation date, and provide that when a minor's assets are included they are allocated to the parent with greater net wealth if parents are married or to the parent who maintained the child if not, with Assessing Officer oversight for subsequent inclusion in the other parent. The phrase 'interest in the firm' is changed to 'interest in the assets of the firm' and partnership benefits of a minor are to be included in a parent's net wealth per the parental-allocation rule.