https://www.taxtmi.com/circulars?id=9341 Instruction 1329/CBDT interprets section 5(1)(viii) of the Wealth Tax Act to exempt articles intended for personal or household use; movability is not material. Consequently, domestic appliances and fixtures such as fans, refrigerators, air conditioners, geysers and desert coolers are within the exemption, while items expressly excluded by statute or instruction remain outside it. en-us Mon, 07 Apr 1980 00:00:00 +0530 Sat, 04 Jun 2011 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9341 Instruction 1329/CBDT interprets section 5(1)(viii) of the Wealth Tax Act to exempt articles intended for personal or household use; movability is not material. Consequently, domestic appliances and fixtures such as fans, refrigerators, air conditioners, geysers and desert coolers are within the exemption, while items expressly excluded by statute or instruction remain outside it. Circulars Income Tax Mon, 07 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9341