https://www.taxtmi.com/acts?id=47112 An explanatory provision was added to clause (m) of section 2 of the Wealth-tax Act clarifying that buildings or parts of buildings referred to in specified clauses of section 27 of the Income-tax Act shall be includible in the net wealth of the person who is deemed under those Income-tax clauses to be the owner of that building or part thereof, thereby aligning wealth-tax inclusion with the Income-tax deeming of ownership. en-us Tue, 07 Jan 2025 13:13:48 +0530 Tue, 07 Jan 2025 13:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=47112 An explanatory provision was added to clause (m) of section 2 of the Wealth-tax Act clarifying that buildings or parts of buildings referred to in specified clauses of section 27 of the Income-tax Act shall be includible in the net wealth of the person who is deemed under those Income-tax clauses to be the owner of that building or part thereof, thereby aligning wealth-tax inclusion with the Income-tax deeming of ownership. Act-Rules F. Acts / Amendment Acts Tue, 07 Jan 2025 13:13:48 +0530 https://www.taxtmi.com/acts?id=47112