https://www.taxtmi.com/article/detailed?id=417 The Bill amends the Wealth-tax Act to raise the basic exemption so wealth-tax applies only where net wealth exceeds thirty lakh rupees for specified assessment years, and expands section 44A's explanatory definition to permit double taxation agreements with territories outside India; the author argues abolition or larger, asset-specific exemptions are preferable given negligible revenue yield and disproportionate administrative and valuation burdens. en-us Sun, 12 Jul 2009 00:00:00 +0530 Thu, 10 Dec 2009 19:09:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=417 The Bill amends the Wealth-tax Act to raise the basic exemption so wealth-tax applies only where net wealth exceeds thirty lakh rupees for specified assessment years, and expands section 44A's explanatory definition to permit double taxation agreements with territories outside India; the author argues abolition or larger, asset-specific exemptions are preferable given negligible revenue yield and disproportionate administrative and valuation burdens. Articles Wealth Tax Sun, 12 Jul 2009 00:00:00 +0530 https://www.taxtmi.com/article/detailed?id=417