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of <h1>Wealth-tax Act Section 21AA amended: 'Maximum marginal rate' phrase and Explanation removed, effective April 1, 1993.</h1> Section 21AA of the Wealth-tax Act is amended effective April 1, 1993, by removing the phrase 'and at the maximum marginal rate' from sub-section (1). Additionally, the Explanation within this section is also omitted. These changes are part of the Finance Act, 1992, aiming to modify the application of wealth tax provisions.
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