Wealth tax inclusion: right to receive a Central Government annuity is treated as taxable wealth under amendment. Amendment to section 5(1) of the Wealth-tax Act adds a clause treating the right of an assessee to receive any annuity payable by the Central Government under section 280D of the Income-tax Act as within the scope of wealth-tax, with the insertion given effect from the specified earlier date.
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.
Wealth tax inclusion: right to receive a Central Government annuity is treated as taxable wealth under amendment.
Amendment to section 5(1) of the Wealth-tax Act adds a clause treating the right of an assessee to receive any annuity payable by the Central Government under section 280D of the Income-tax Act as within the scope of wealth-tax, with the insertion given effect from the specified earlier date.
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