https://www.taxtmi.com/acts?id=46224 The amendment replaces existing sub-clauses governing computation of chargeable net wealth so that the amount chargeable is the greater of: the net wealth assessed under the primary assessment provision reduced by the specified deduction, or the net wealth assessed under the alternate assessment provision reduced by either previously assessed net wealth or the specified deduction. A new provision prescribes fixed deduction amounts to be used as the specified deduction for individuals, Hindu undivided families and companies. en-us Mon, 16 Dec 2024 16:51:56 +0530 Mon, 16 Dec 2024 16:51:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46224 The amendment replaces existing sub-clauses governing computation of chargeable net wealth so that the amount chargeable is the greater of: the net wealth assessed under the primary assessment provision reduced by the specified deduction, or the net wealth assessed under the alternate assessment provision reduced by either previously assessed net wealth or the specified deduction. A new provision prescribes fixed deduction amounts to be used as the specified deduction for individuals, Hindu undivided families and companies. Act-Rules F. Acts / Amendment Acts Mon, 16 Dec 2024 16:51:56 +0530 https://www.taxtmi.com/acts?id=46224