Insertion of new sections 14A and 14B- Power of Board to dispense with furnishing documents, etc.,with return of wealth - Filing of return in electronic form.

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..... the 1st day of June, 2013, namely:- Power of Board to dispense with furnishing documents, etc.,with return of wealth 14A. 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 under any othe .....

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..... ronic record to which the return in electronic form may be transmitted. . - Clause 52 of the Bill seeks to insert new sections 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, sta .....

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..... before the Assessing Officer on demand; the computer resource or the electronic record to which the return in electronic form 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. - statute, statutory prov .....

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