https://www.taxtmi.com/acts?id=46770 Amendments to section 5 of the Wealth-tax Act effective 1 April 1983 delete certain clauses, increase specified exemption thresholds, and insert exemptions for specified Central Government saving certificates subscribed in convertible foreign exchange by non-resident Indians or persons of Indian origin, and for Capital Investment Bonds notified by the Central Government. Subsection (1A) is reworded to adjust cross-references and raised thresholds. Subsection (3) is amended to include the new clause reference and to provide that exemptions for Capital Investment Bonds apply from subscription or for at least six months ending on the valuation date, with matching explanatory changes. en-us Mon, 30 Dec 2024 14:57:43 +0530 Mon, 30 Dec 2024 14:57:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46770 Amendments to section 5 of the Wealth-tax Act effective 1 April 1983 delete certain clauses, increase specified exemption thresholds, and insert exemptions for specified Central Government saving certificates subscribed in convertible foreign exchange by non-resident Indians or persons of Indian origin, and for Capital Investment Bonds notified by the Central Government. Subsection (1A) is reworded to adjust cross-references and raised thresholds. Subsection (3) is amended to include the new clause reference and to provide that exemptions for Capital Investment Bonds apply from subscription or for at least six months ending on the valuation date, with matching explanatory changes. Act-Rules F. Acts / Amendment Acts Mon, 30 Dec 2024 14:57:43 +0530 https://www.taxtmi.com/acts?id=46770