Mutual fund inclusion expands the scope of the wealth tax provision to cover specified mutual funds under tax law. The Direct Tax Laws (Amendment) Act, 1987 inserts clause (j) into section 45 of the Wealth tax Act to specify that a Mutual Fund specified under clause (23D) of section 10 of the Income tax Act is brought within the scope of that provision, thereby expanding the statutory charge to include such mutual funds.
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.
Mutual fund inclusion expands the scope of the wealth tax provision to cover specified mutual funds under tax law.
The Direct Tax Laws (Amendment) Act, 1987 inserts clause (j) into section 45 of the Wealth tax Act to specify that a Mutual Fund specified under clause (23D) of section 10 of the Income tax Act is brought within the scope of that provision, thereby expanding the statutory charge to include such mutual funds.
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