https://www.taxtmi.com/manuals?id=335 Section 4(1) treats an assessee's interest in a firm or association of persons (excluding co-operative housing societies) as deemed assets to be included in the assessee's net wealth, valued under Schedule III. A proviso provides that where a minor is admitted to partnership benefits, the minor's interest, so valued, shall be included in the net wealth of the parent in accordance with the applicable proviso. en-us Sat, 19 Jan 2008 23:16:00 +0530 Sat, 19 Jan 2008 23:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=335 Section 4(1) treats an assessee's interest in a firm or association of persons (excluding co-operative housing societies) as deemed assets to be included in the assessee's net wealth, valued under Schedule III. A proviso provides that where a minor is admitted to partnership benefits, the minor's interest, so valued, shall be included in the net wealth of the parent in accordance with the applicable proviso. Manuals Wealth-tax Sat, 19 Jan 2008 23:16:00 +0530 https://www.taxtmi.com/manuals?id=335