Exclusion of specified assets from wealth-tax valuation clarifies which disclosed items are disregarded in asset valuation. Rule 2D of the Wealth Tax Rules, 1957 (now omitted) specified that certain balance-sheet items were not to be taken into account for wealth-tax valuation: advance tax payments under the Income-tax Acts; debts due to the assessee allowed as deductions under the Income-tax Act for the relevant year; assets in respect of which wealth-tax is not payable; and amounts shown in the balance sheet (including debit balances in profit and loss or appropriation accounts) that do not represent the value of any asset.