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  • Wealth Tax Act

    Enter Section No Enter Section Heading
    Section NoSection Heading
    123
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     143 items in 3 pages
    1Short title, extent and commencement
    2Definitions
    3Charge of wealth-tax
    4Net wealth to include certain assets
    5Exemptions in respect of certain assets
    6Exclusion of assets and debts outside India
    7Value of assets, how to be determined
    8Wealth-tax authorities and their jurisdiction
    8A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    8AA[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    8B[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    9Control of wealth-tax authorities
    9A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    10Instructions to subordinate authorities
    10A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    11Jurisdiction of Assessing Officers and power to transfer cases
    11A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    11AA[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    11B[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,W.E.F. 1-4-1988]
    12[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    12AAppointment of Valuation Officers
    13[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
    13APowers of Director General or Director, Chief Commis­sioner or Commissioner and Joint Commissioner to make enquiries
    14Return of wealth
    15Return after due date and amendment of return
    15AReturn by whom to be signed
    15BSelf-assessment
    15C[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
    16Assessment
    16AReference to Valuation Officer
    17Wealth escaping assessment
    17ATime limit for completion of assessment and reassess­ment
    17BInterest for defaults in furnishing return of net wealth
    18Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.
    18APenalty for failure to answer questions, sign state­ments, furnish information, allow inspection, etc.
    18BPower to reduce or waive penalty in certain cases
    18BAPower of Commissioner to grant immunity from penalty
    18CProcedure when assessee claims identical question of law is pending before High Court or Supreme Court
    18D[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1989, W.E.F. 1-4-1989]
    19Tax of deceased person payable by legal representative
    19AAssessment in the case of executors
    20Assessment after partition of a Hindu undivided family
    20AAssessment after partial partition of a Hindu undivided family
    21Assessment when assets are held by courts of wards, administrators-general, etc.
    21AAssessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes
    21AAAssessment when assets are held by certain associ­ations of persons
    22Assessment of persons residing outside India
    22ADefinitions
    22BWealth-tax Settlement Commission
    22BAJurisdiction and powers of Settlement Commission