Net wealth to include certain assets

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....erwise) - (i) by the spouse of such individual to whom such asset has been transferred by the individual, directly or indirectly, otherwise than for adequate consideration or in connection with an agreement to live apart; (ii) by a minor child, not being a not being a person with disability or person with severe disability, of such individual; (iii) by a person to whom such asset has been ....

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....ut of his income referred to in sub-clause (i) and (ii) of clause (b) of sub-section (1) of section 8 and which are held by him on the valuation date. (3) For the purposes of this section,- (a) the asset referred to in sub-clause (ii) or sub-clause (iii) of clause (a) of subsection (1) shall be included in the net wealth of - (i) the parent who is the guardian of the minor child, if the othe....