https://www.taxtmi.com/article/detailed?id=1645 The Finance Bill amends wealth-tax provisions by increasing the net-wealth threshold for specified items and revising assessment time limits and provisos so that undisclosed net wealth or financial interests located outside India may be assessed under extended windows; transitional clarifications apply to earlier assessment years. It adds the central bank to the list of chargeable entities and validates prior income-tax notices and demands relating to capital gains from transfers of non-resident company shares or related extraterritorial transactions as having been validly made and collectible without refund liability. en-us Sat, 17 Mar 2012 20:23:50 +0530 Sat, 17 Mar 2012 20:23:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=1645 The Finance Bill amends wealth-tax provisions by increasing the net-wealth threshold for specified items and revising assessment time limits and provisos so that undisclosed net wealth or financial interests located outside India may be assessed under extended windows; transitional clarifications apply to earlier assessment years. It adds the central bank to the list of chargeable entities and validates prior income-tax notices and demands relating to capital gains from transfers of non-resident company shares or related extraterritorial transactions as having been validly made and collectible without refund liability. Articles Wealth Tax Sat, 17 Mar 2012 20:23:50 +0530 https://www.taxtmi.com/article/detailed?id=1645