Wealth tax - married individual in Goa, Daman and Diu, who is governed by the system of community of property and who has not entered into an antenuptial agreement of the nature referred to therein
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Community property assessment: spouses assessed on individual shares and each spouse entitled to wealth tax exemptions. A married person under the community of property regime in Goa, Daman and Diu without an antenuptial agreement must be assessed for wealth tax on his or her individual share of communal property, and wealth-tax exemptions are admissible to each spouse separately as individuals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Community property assessment: spouses assessed on individual shares and each spouse entitled to wealth tax exemptions.
A married person under the community of property regime in Goa, Daman and Diu without an antenuptial agreement must be assessed for wealth tax on his or her individual share of communal property, and wealth-tax exemptions are admissible to each spouse separately as individuals.
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