TaxTMI Login
Just a moment...
AI-powered research trained on the authentic TaxTMI database.
Launch AI Search →Powered by Weblekha - Building Scalable Websites
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
of Press 'Enter' after typing page number.
of Press 'Enter' after typing page number.
All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of Press 'Enter' after typing page number.
<h1>Definition of assets in wealth-tax law clarifies included items, exclusions, valuation date and net wealth computation.</h1> The provision defines assets and net wealth for wealth-tax, listing included asset categories (houses, motor cars, jewellery, yachts, urban land, cash above a threshold) and enumerating statutory exclusions and provisos (agricultural land, certain buildings, business stock in trade, let-out residential property, and items used commercially). It links valuation to the valuation date and specifies deduction of debts incurred in relation to assets, while identifying assessing and valuation officers, registered valuers, and cross-references to Income-tax Act definitions and rule making authority.
TaxTMI 
TaxTMI 
