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Exemption in respect of house property u/s.5(1)(iv) of the Wealth Tax Act, 1957.

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....TRUCTION NO. 1111/CBDT Dated : October 26, 1977 Section(s) Referred: 5(1)(iv) Statute: Wealth Tax Act, 1957 Attention is invited to Board's Instruction No.913 (F.NO.326/11/75-WT) dated 16t....

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....e said that the property belongs to him. Such interest being an asset within the meaning of the Act, provided, of course, other conditions laid down thereunder are satisfied. It is however, necessary ....

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