https://www.taxtmi.com/acts?id=46838 Amendments to section 5 revise excluded or included items for net wealth computation: fees due to professionals who regularly maintain books on the cash system are specified; foreign exchange assets are brought within specified clauses for citizens or persons of Indian origin who are non-resident or resident during the year ending on the valuation date (with definitions tied to the Income-tax Act and section 115C); Capital Investment Bonds wording is broadened to include individuals and Hindu undivided families; medals, trophies and awards in kind from Government, specified universities or approved institutions are exempted from net wealth. en-us Tue, 31 Dec 2024 17:13:11 +0530 Tue, 31 Dec 2024 17:13:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46838 Amendments to section 5 revise excluded or included items for net wealth computation: fees due to professionals who regularly maintain books on the cash system are specified; foreign exchange assets are brought within specified clauses for citizens or persons of Indian origin who are non-resident or resident during the year ending on the valuation date (with definitions tied to the Income-tax Act and section 115C); Capital Investment Bonds wording is broadened to include individuals and Hindu undivided families; medals, trophies and awards in kind from Government, specified universities or approved institutions are exempted from net wealth. Act-Rules F. Acts / Amendment Acts Tue, 31 Dec 2024 17:13:11 +0530 https://www.taxtmi.com/acts?id=46838