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of <h1>Wealth Tax Rules, 1957: Key Definitions Explained Including Accounting Year, Authorized Bank, and Share Types</h1> The Wealth Tax Rules, 1957, provide definitions for terms used within the context of wealth tax regulations. The 'Act' refers to the Wealth-tax Act, 1957. An 'accounting year' pertains to a company's financial reporting period. An 'authorized bank' is appointed by the Reserve Bank of India. 'Equity share' and 'preference share' relate to company share capital, while 'gold' includes various forms and purities. An 'investment company' mainly earns income from securities and property. A 'managing agency company' derives income from management activities. 'Recognised stock exchange' and 'unquoted share' definitions are provided, with undefined terms referencing the Act for meaning.
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