https://www.taxtmi.com/acts?id=46167 Amendments revise asset exclusions and limits under the Wealth-tax Act, expand categories of securities, shares and deposits subject to exclusion rules, insert a cap on aggregate exclusions with transitional uplift for pre-existing holdings, allocate Commissioner functions where jurisdictions overlap, permit alignment of wealth-return filing with extended income-return deadlines for business-held assets, provide treatment for indeterminate beneficial interests allowing recovery from fiduciaries at individual rates in specified trusts, and replace the Schedule with progressive rates and an urban-asset valuation regime including attribution rules for firms and companies. en-us Thu, 12 Dec 2024 18:12:19 +0530 Thu, 12 Dec 2024 18:12:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46167 Amendments revise asset exclusions and limits under the Wealth-tax Act, expand categories of securities, shares and deposits subject to exclusion rules, insert a cap on aggregate exclusions with transitional uplift for pre-existing holdings, allocate Commissioner functions where jurisdictions overlap, permit alignment of wealth-return filing with extended income-return deadlines for business-held assets, provide treatment for indeterminate beneficial interests allowing recovery from fiduciaries at individual rates in specified trusts, and replace the Schedule with progressive rates and an urban-asset valuation regime including attribution rules for firms and companies. Act-Rules F. Acts / Amendment Acts Thu, 12 Dec 2024 18:12:19 +0530 https://www.taxtmi.com/acts?id=46167