Wealth tax returns must use Form BB and be filed electronically with digital signature, with limited paper filing exception.
The amendment substitutes rule 3 to require returns of net wealth in Form BA for years up to 2013-14 and in Form BB for 2014-15 onward; it mandates electronic filing with digital signature for 2014-15 onward except that individuals and HUFs not subject to audit under section 44AB may file paper returns for 2014-15, prohibits attaching computation, payment proofs or valuer reports to Form BB, and assigns the Director General (Systems) responsibility for secure procedures and archival standards for electronic returns.

Valuation threshold change reallocates pending valuation references to lower-tier officers under amended wealth tax rules and updates transfer criteria.
Amendment to rule 3A raises the monetary thresholds in sub rule (3) for transfers among valuation officers, and substitutes sub rule (4) creating a transitional procedure: for valuations pending on 13 February 2009, the District Valuation Officer shall transfer references to the Valuation Officer when the asset value declared in the return does not exceed the revised upper threshold, and the Valuation Officer shall transfer references to the Assistant Valuation Officer when the declared value does not exceed the revised lower threshold.

Scale of fees for registered valuer: tiered rates and asset aggregation for fee calculation, with a prescribed minimum fee.
Substitution of rule 8C prescribes tiered fee rates for registered valuers, requires aggregation of multiple assets for fee calculation, and permits charging a prescribed minimum fee when the computed fee falls below that threshold; the amendment is made under the statutory power and takes effect from the notified commencement date.

Settlement Commission procedure requires notifying the Assessing Officer and new forms for application and annexure transmission.
The Wealth-tax Rules amendments require the assessee to intimate the Assessing Officer in Form DAA when applying to the Settlement Commission; the Commission must forward a copy of the application in Form DA (excluding Annexure and accompanying documents) with its order or intimation when calling for the Commissioner's report, and, where an application is permitted to proceed, the Annexure and accompanying statements and documents must be sent to the Commissioner.

Amendment to Wealth-tax Rules: CBDT issues rules under section 46 to further amend wealth-tax regulations.
Under section 46 of the Wealth-tax Act, 1957, notification 11365 dated 11 May 2000 records that the Central Board of Direct Taxes makes rules to further amend the Wealth-tax Rules, 1957; the notification notes an amendment to the Income-tax Act, 1961 of the same date that is not reproduced as it appears in the Act itself (F. No. 142/2/2000-TPL(Pt)).

Wealth-tax rules amendment under statutory rulemaking updates wealth-tax regulatory framework with specified rule provisions.
The central tax administration exercised its statutory rulemaking power to amend the Wealth-tax Rules, 1957 by notification dated 22 October 1998, stating the amendment is incorporated in the body of the Rules and providing internal notification identifiers for the issued rule change.

Rule making power under the Wealth tax Act: notification amends the Wealth tax Rules, 1957 as First Amendment.
The taxing authority, exercising rule making power under the Wealth tax Act, issued Notification S.O.498(E) dated 12 7 1996 to amend the Wealth tax Rules, 1957; the instrument denotes these measures as the Wealth tax (First Amendment) Rules, 1996 and states the amendment text is contained in the body of the Rules and not reproduced in the notification.

Transfer of specified bonds requires transferee to notify issuer within prescribed period to secure wealth-tax benefit entitlement.
Central Government specifies 10-year 13 per cent. (taxable) Secured Redeemable Non-Convertible Bonds as specified bonds under the Wealth-tax Act, and makes admissibility of the benefit on transfer by endorsement or delivery conditional on the transferee informing the issuer by registered post within sixty days of such transfer.

Reciprocating country designation extends wealth-tax reciprocal provisions to Denmark under the Act, enabling reciprocal taxation measures between jurisdictions.
Declaration designates the Kingdom of Denmark as a reciprocating country under the Explanation to section 44A of the Wealth-tax Act, 1957, effected by a Central Government notification that brings Denmark within the Act's reciprocal provisions for cross-border wealth-tax administration.

Designation of tax-free bonds: registration required to secure specified wealth-tax treatment for holders.
Central government notification designates MTNL 10-year 9 per cent (tax free) Secured Redeemable Non-Convertible Telephone Bonds, 1989 (3rd Issue) as specified for clause (xvie) of section 5(1) of the Wealth-tax Act, with eligibility for the benefit conditioned on the holder registering his name and holding with the issuing Nigam.

Tax-free bond specification under wealth-tax law, benefit on transfer subject to timely registered notification by transferee.
Specification designates 15-year 9 per cent. (tax free) SCICI Bonds, (Series 2) issued by the Shipping Credit and Investment Company of India Limited as qualifying under the Wealth-tax Act; the tax benefit on transfer by endorsement or delivery is conditional on the transferee informing the issuing company by registered post within the prescribed notification period.

Specified bonds under the wealth-tax framework - transfer benefit contingent on transferee giving registered notice promptly after transfer.
The Central Government specifies two categories of Housing and Urban Development Corporation public sector shelter bonds for clause (xvie) of section 5(1) of the Wealth Tax Act: 10-year 9% tax-free Public Sector Shelter Bonds (Series III) and 7-year 13% taxable Public Sector Shelter Bonds (Series III). The tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing corporation by registered post within sixty days of the transfer.

Wealth tax specification: specified secured redeemable non-convertible bonds eligible under clause subject to transferee notice within sixty days.
The Central Government specifies 7-year 13% (taxable) Secured Redeemable Non-Convertible IPCL Bonds as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, subject to the condition that benefit on transfer is admissible only if the transferee informs the Corporation by registered post within sixty days of such transfer.

Specified bonds tax benefit: transfer qualifies only if transferee notifies issuer within prescribed notice period.
Central Government specifies two categories of Nuclear Power Corporation bonds as eligible under clause (xvie) of section 5(1) of the Wealth-tax Act, 1957: 10-year 9% (tax-free) Secured Redeemable Non-Convertible Bonds (Private Placement) and 7-year 13% (taxable) Secured Redeemable Non-Convertible Bonds (Private Placement). The notification makes the benefit conditional on transferees informing the Corporation by registered post within sixty days of any transfer by endorsement or delivery.

Tax-free bond specification: transfer benefit conditioned on transferee giving registered notice within the prescribed period.
The Central Government specified 10-year 9% tax-free secured redeemable non-convertible bonds (D-Series) issued by the National Hydroelectric Power Corporation Limited as eligible under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The tax benefit on transfer by endorsement or delivery is payable only if the transferee informs the issuing Corporation by registered post within sixty days of such transfer.

Wealth tax specification for NTPC tax-free bonds; transfer benefit requires transferee's registered notice within sixty days.
Specifies 10-year 9% tax-free secured redeemable non-convertible NTPC Bonds (V Issue Private Placement) as qualifying instruments under clause (xvie) of sub-section (1) of section 5 of the Wealth tax Act, 1957. The benefit on transfer by endorsement or delivery is admissible only if the transferee informs the issuing Corporation by registered post within sixty days of such transfer.

Tax-free bond specification: transfer benefit conditional on transferee notifying issuer by registered post within sixty days.
The Central Government specifies the 10-year 9% (tax-free) Secured Redeemable Non-Convertible PFC Bonds-III Series issued by Power Finance Corporation Limited as eligible under the Wealth-tax Act; entitlement to the benefit on transfer by endorsement or delivery is conditional on the transferee informing the Corporation by registered post within sixty days of such transfer.

Specified tax-free bonds: transfer benefit conditional on transferee notifying issuer by registered post within prescribed period.
The Central Government specifies 10 year 9% tax free Secured Redeemable Non Convertible REC Bonds (19th Series) (Private Placement) as qualifying for clause (xvie) of s.5(1) of the Wealth tax Act, 1957. The wealth tax benefit on transfer by endorsement or delivery is admissible to the transferee only if the transferee notifies the issuing Corporation by registered post within sixty days of the transfer.

Specified tax-free railway bonds: benefit on transfers requires transferee to notify issuer by registered post within sixty days.
Central Government specifies "10 year-9% (tax-free) Secured Redeemable Non-Convertible Railway Bonds-III Series" issued by the Indian Railway Finance Corporation under clause (xvie) of sub-section (1) of section 5 of the Wealth-tax Act, 1957. The tax benefit on transfer by endorsement or delivery is admissible only if the transferee informs the Corporation by registered post within sixty days of the transfer.

Exemption from wealth-tax: HUDCO bonds specified as exempt; transfer benefit requires notice to issuer within prescribed period.
The Central Government specifies two categories of secured, redeemable, non-convertible HUDCO Shelter Bonds as eligible for wealth-tax exemption under clause (xvie) of section 5(1) of the Wealth-tax Act, 1957. The exemption upon transfer by endorsement or delivery is conditional: the transferee must inform the issuing corporation by registered post within sixty days of the transfer for the benefit to be admissible.