https://www.taxtmi.com/acts?id=6341 Section 5 excludes specified asset categories from net wealth for wealth tax: charitable or religious trust property (subject to business exclusions), coparcenary HUF interests, certain rulers' residences and recognised heirloom jewellery with retention and inspection conditions, one house or limited plot, and a time limited exemption for returnees of Indian origin for moneys and assets brought into India. It further enumerates exemptions for inventor-held patents/copyrights, insurance rights, annuities and pensions, household goods (excluding jewellery), tools for agriculture and profession, works of art and collections not for sale, notified securities, deposits, provident and pension funds, and assets of industrial undertakings, with attendant definitions, caps and temporal ownership conditions. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 08 Sep 2012 10:27:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6341 Section 5 excludes specified asset categories from net wealth for wealth tax: charitable or religious trust property (subject to business exclusions), coparcenary HUF interests, certain rulers' residences and recognised heirloom jewellery with retention and inspection conditions, one house or limited plot, and a time limited exemption for returnees of Indian origin for moneys and assets brought into India. It further enumerates exemptions for inventor-held patents/copyrights, insurance rights, annuities and pensions, household goods (excluding jewellery), tools for agriculture and profession, works of art and collections not for sale, notified securities, deposits, provident and pension funds, and assets of industrial undertakings, with attendant definitions, caps and temporal ownership conditions. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6341