https://www.taxtmi.com/acts?id=45818 Amendment to section 5 of the Wealth Tax Act omits clause (xv) and substitutes clause (xvi) to include twelve year national plan savings certificates, ten year defence deposit certificates and twelve year national defence certificates as qualifying instruments, limited to amounts not exceeding the maximum permitted investment or deposit in each case; and adds a proviso that the amended clause (b) shall not apply to ten year defence deposit certificates and twelve year national defence certificates held by the assessee on the relevant valuation date for the assessment year commencing in 1963. en-us Wed, 04 Dec 2024 11:40:18 +0530 Wed, 04 Dec 2024 14:30:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=45818 Amendment to section 5 of the Wealth Tax Act omits clause (xv) and substitutes clause (xvi) to include twelve year national plan savings certificates, ten year defence deposit certificates and twelve year national defence certificates as qualifying instruments, limited to amounts not exceeding the maximum permitted investment or deposit in each case; and adds a proviso that the amended clause (b) shall not apply to ten year defence deposit certificates and twelve year national defence certificates held by the assessee on the relevant valuation date for the assessment year commencing in 1963. Act-Rules F. Acts / Amendment Acts Wed, 04 Dec 2024 11:40:18 +0530 https://www.taxtmi.com/acts?id=45818