TMI BlogNotes on clauses - Wealth-taxX X X X Extracts X X X X X X X X Extracts X X X X ..... m assets . Clause (b) of Explanation 1 to the said clause (ea) defines the term urban land . It is proposed to amend clause (b) of Explanation 1 to clause (ea) of section 2 so as to provide that land situated in any area within the distance, measured aerially, (I) not being more than two kilometres, from the local limits of any municipality or cantonment board referred to in clause (i) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tions 14A and 14B in the Wealth-tax Act relating to rule making power of the Board. It is proposed to insert a new section 14A so as to provide that the Board may make rules providing for a class or classes of persons who may not be required to furnish documents, statements, receipts, certificates, audit reports, reports of registered valuer or any other documents, which are otherwise und ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... m may be transmitted. Consequentially, it is proposed to insert new clauses (ba) and (bb) in sub-section (2) of section 46 which provides for rule making powers of the Board. These amendments will take effect from 1st June, 2013. Clause 53 of the Bill seeks to amend section 46 of the Wealthtax Act relating to power of the Board to make rules. It is proposed to i ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
