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<h1>Amendment to Wealth-tax Act: New penalties for companies and officers committing offenses under Section 35HA, effective October 2004.</h1> Section 35HA of the Wealth-tax Act, 1957, is amended to include a new sub-section (3), effective from October 1, 2004. This provision states that if a company commits an offense under this Act that is punishable by imprisonment and fine, the company will be fined. Additionally, individuals such as directors, managers, secretaries, or other officers of the company mentioned in previous sub-sections will also be liable for prosecution and punishment under the Act.