https://www.taxtmi.com/circulars?id=9089 Debts secured on or incurred in relation to property not chargeable to wealth tax, including asset classes exempt under the Act, are not deductible in computing net wealth. For partly exempt assets, the deduction must be apportioned in the assessee's favour so that only the portion of the debt attributable to the includible value of the property may be deducted. en-us Tue, 28 Jun 1977 00:00:00 +0530 Thu, 02 Jun 2011 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9089 Debts secured on or incurred in relation to property not chargeable to wealth tax, including asset classes exempt under the Act, are not deductible in computing net wealth. For partly exempt assets, the deduction must be apportioned in the assessee's favour so that only the portion of the debt attributable to the includible value of the property may be deducted. Circulars Income Tax Tue, 28 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9089