Wealth-tax amendment removes minimum notice period requirement, altering timing provisions and compliance procedures. The amendment excises the phrase "not being less than thirty days" from sub section (1) of section 17 of the Wealth tax Act, and declares that this ... Summary
Wealth-tax amendment removes minimum notice period requirement, altering timing provisions and compliance procedures.
The amendment excises the phrase "not being less than thirty days" from sub section (1) of section 17 of the Wealth tax Act, and declares that this omission is deemed effective from 1 April 1989, thereby removing the statutory minimum notice period and changing the timing rule for notices and related compliance under that provision.
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