Wealth-tax Act, 1957--Liability to wealth-tax of annuities receivable on annuity deposits under the Income-tax Act.

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....arifications contained in the Board's Circular No. 3(WT) of 1968 dated 27th July, 1968, regarding the liability to wealth-tax of the value of the annuities receivable on the annuity deposits made under the relevant provisions of the Income-tax. On a reconsideration of the matter, the Board have decided that the annuities receivable under the Annuity Deposit Scheme are generally non-commutable and ....