Wealth-tax amendment adds specified Gold Bonds to the list of enumerated taxable securities under section five. The Wealth-tax Act, 1957 is amended to insert clause (xvia) in section 5(1) adding Gold Bonds, 1977 to the list of specified securities, and section 5(2) ... Summary
Wealth-tax amendment adds specified Gold Bonds to the list of enumerated taxable securities under section five.
The Wealth-tax Act, 1957 is amended to insert clause (xvia) in section 5(1) adding Gold Bonds, 1977 to the list of specified securities, and section 5(2) is revised to refer to 'clause (xvi) or clause (xvia)', incorporating the new clause into existing cross-references.
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