https://www.taxtmi.com/acts?id=46837 Revival of wealth-tax charges closely-held companies with wealth-tax on their net wealth, computed by comparing the aggregate value of specified assets with debts secured on or incurred in relation to those assets, applying a closed list of assets (precious metals, stones, ornaments, non-agricultural land subject to exceptions, specified buildings, motor-cars and assets represented by secured debts), with valuation taken as the higher of Schedule-prescribed market value or the balance-sheet value and specified exceptions and conformity rules for the Wealth-tax Act. en-us Tue, 31 Dec 2024 17:12:42 +0530 Fri, 28 Mar 2025 14:29:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46837 Revival of wealth-tax charges closely-held companies with wealth-tax on their net wealth, computed by comparing the aggregate value of specified assets with debts secured on or incurred in relation to those assets, applying a closed list of assets (precious metals, stones, ornaments, non-agricultural land subject to exceptions, specified buildings, motor-cars and assets represented by secured debts), with valuation taken as the higher of Schedule-prescribed market value or the balance-sheet value and specified exceptions and conformity rules for the Wealth-tax Act. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:12:42 +0530 https://www.taxtmi.com/acts?id=46837