https://www.taxtmi.com/acts?id=6489 Rule 2D of the Wealth Tax Rules, 1957 (now omitted) specified that certain balance-sheet items were not to be taken into account for wealth-tax valuation: advance tax payments under the Income-tax Acts; debts due to the assessee allowed as deductions under the Income-tax Act for the relevant year; assets in respect of which wealth-tax is not payable; and amounts shown in the balance sheet (including debit balances in profit and loss or appropriation accounts) that do not represent the value of any asset. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 14 Sep 2012 16:48:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6489 Rule 2D of the Wealth Tax Rules, 1957 (now omitted) specified that certain balance-sheet items were not to be taken into account for wealth-tax valuation: advance tax payments under the Income-tax Acts; debts due to the assessee allowed as deductions under the Income-tax Act for the relevant year; assets in respect of which wealth-tax is not payable; and amounts shown in the balance sheet (including debit balances in profit and loss or appropriation accounts) that do not represent the value of any asset. Act-Rules Wealth-tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6489