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of <h1>Wealth-tax Act updated: Managing director or any director must sign and verify company wealth tax returns (Section 15A).</h1> Section 15A of the Wealth-tax Act, 1957, is amended by the Taxation Laws (Amendment) Act, 1975. The amendment revises clause (c) to specify that in the case of a company, the wealth tax return should be signed and verified by the managing director. If the managing director is unable to do so for any unavoidable reason, or if there is no managing director, any director of the company may fulfill this requirement.
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