https://www.taxtmi.com/acts?id=6338 The provision defines assets and net wealth for wealth-tax, listing included asset categories (houses, motor cars, jewellery, yachts, urban land, cash above a threshold) and enumerating statutory exclusions and provisos (agricultural land, certain buildings, business stock in trade, let-out residential property, and items used commercially). It links valuation to the valuation date and specifies deduction of debts incurred in relation to assets, while identifying assessing and valuation officers, registered valuers, and cross-references to Income-tax Act definitions and rule making authority. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 Mar 2019 13:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6338 The provision defines assets and net wealth for wealth-tax, listing included asset categories (houses, motor cars, jewellery, yachts, urban land, cash above a threshold) and enumerating statutory exclusions and provisos (agricultural land, certain buildings, business stock in trade, let-out residential property, and items used commercially). It links valuation to the valuation date and specifies deduction of debts incurred in relation to assets, while identifying assessing and valuation officers, registered valuers, and cross-references to Income-tax Act definitions and rule making authority. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6338