Definition of house in wealth tax expanded to include nearby farmhouses and commercial uses, with specific exemptions retained. The amendment substitutes the house definition to include any building or appurtenant land used for residential or commercial purposes, guest-houses and farmhouses within twenty-five kilometres of municipal or cantonment limits, effective 1 April 1997, while excluding company-allotted residential houses to qualifying whole-time employees/officers/directors, houses forming part of stock-in-trade, and houses occupied for the purposes of the assessee's business or profession.