https://www.taxtmi.com/acts?id=46658 The amendment to section 7(1) of the Wealth-tax Act adds an Explanation stating that the price or other consideration for which property is acquired by or transferred under a deed of trust or through any restrictive covenant shall be ignored for the purpose of determining the price such property would fetch if sold in the open market on the valuation date. en-us Thu, 26 Dec 2024 13:25:57 +0530 Thu, 26 Dec 2024 13:25:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46658 The amendment to section 7(1) of the Wealth-tax Act adds an Explanation stating that the price or other consideration for which property is acquired by or transferred under a deed of trust or through any restrictive covenant shall be ignored for the purpose of determining the price such property would fetch if sold in the open market on the valuation date. Act-Rules F. Acts / Amendment Acts Thu, 26 Dec 2024 13:25:57 +0530 https://www.taxtmi.com/acts?id=46658