https://www.taxtmi.com/acts?id=49425 Amendments revise definitions: the Assessing Officer for wealth-tax is defined by reference to designated Income-tax officers and directions under the Income-tax Act; the house definition is broadened to include various residential and commercial uses and farm houses within twenty-five kilometres, with specified exclusions and an extended holding-period exemption for land held as stock-in-trade from five to ten years; officer-designation meanings are aligned with section 2 of the Income-tax Act. en-us Thu, 20 Feb 2025 18:19:25 +0530 Thu, 20 Feb 2025 18:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49425 Amendments revise definitions: the Assessing Officer for wealth-tax is defined by reference to designated Income-tax officers and directions under the Income-tax Act; the house definition is broadened to include various residential and commercial uses and farm houses within twenty-five kilometres, with specified exclusions and an extended holding-period exemption for land held as stock-in-trade from five to ten years; officer-designation meanings are aligned with section 2 of the Income-tax Act. Act-Rules F. Acts / Amendment Acts Thu, 20 Feb 2025 18:19:25 +0530 https://www.taxtmi.com/acts?id=49425