TaxTMI 
TaxTMI 
Wealth tax (1st Amendment) Rules, 2014.
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.... 2014. (2) They shall come into force on the date of their publication in the Official Gazette. 2. In the Wealth‐tax Rules, 1957 (hereinafter referred to as the "said rules"),- (i) for rule 3, the following rule shall be substituted, namely:- "3. Form of return of net wealth. - (1) The return of net wealth referred to in section 14 shall- (a) in respect of assessment year 2013‐14 and earlier assessment years in the case of individuals, Hindu undivided families and companies, be in Form BA and shall be verified in the manner specified therein. (b) in respect of the assessment year 2014‐15 and any other subsequent assessment year in the case of individuals, Hindu undivided families and companies be in Form ....
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....ALTH [See rule 3(1)(b) of Wealth-tax Rules, 1957] [F.No.143/1/2014‐TPL] (J. Saravanan) Under Secretary, TPL Note: The principal rules were published in the Gazette of India, Extraordinary, Part II, Section 3, Sub‐section (ii) vide Notification number S.O. 3384(E), dated the 18th October, 1957 and last amended by Wealth‐tax (Second Amendment) Rules, vide Notification S.O. Number 470 (E) dated the 13th February 2009. ============= Document 1 FILING STATUS PERSONAL INFORMATION "FORM BB Part A-GEN GENERAL RETURN OF NET WEALTH [See rule 3(1)(b) of Wealth-tax Rules, 1957] (Also see attached instructions) Name (For individual write Last Name/Sur Name, First Name, Middle Name i....
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....net wealth 1 Aggregate value of immovable property (as per item no.10 of Schedule IP) 2 Aggregate value of movable property [other than jewellery, etc. referred to in S.2(ea)(iii)] (as per item no.4 of Schedule MP) 3 Aggregate value of jewellery, etc. (as per item no.12 of Schedule JE) 4 Includible net wealth of other persons (as per item B of Schedule INW) 5 Aggregate value of interest in assets held in a Firm/AOP as partner/member (as per item B of Schedule IFW) 6 Net wealth (1+2+3+4+5) 1 2 3 4 5 60 Part B -TNW Computation of tax liability on net wealth 1 Tax payable on net wealth 2 Interest payable on late filing of return 3 Total tax and interest payable (1+2) 4 Tax and interes....
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....the signatory should satisfy himself that this return is correct and complete in every respect. Any person making a false statement in this return shall be liable to prosecution under section 35D of the Wealth-tax Act, 1957(27 of 1957), and on conviction be punishable: (i) In a case where the tax sought to be evaded exceeds one lakhs rupees, with rigorous imprisonment for a term which shall not be less than six months but which may extend to seven years and with fine; (ii) In any other case, with rigorous imprisonment for a term which shall not be less than three months but which may extend to three years and with fine.. Sl.No chedule IP Immovable Property [S.2(ea)(i) or S.2(ea)(v)] Immovable Property 1 Immo....
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....mount of all jewellery, etc. [8(i)+8(ii)+8(iii)] chedule INW (A) Sl.No Name of other person Relationship (a) (b) Includible net wealth of other persons PAN of other person (c) Aggregate value of all assets (d) Debt owed in relation Net amount to such assets (e) [(d)-(e)] (B) Total net wealth of the person chedule IFA Interest held in the assets of a firm or association of persons (AOP) as a partner or member thereof: (A) Sl.No Name(s) of Address(es) of PAN of Firm(s)/AOP Firm(s)/AOP(s) Firm(s)/AOP(s) s) (b) (c) Name(s) of other Partners/ Members Assessee's Profit Sharing Ratio (%) (e) Value of the Assessee's Debt owed in relation inte....