Levy of additional wealth-tax on immovable property situated in specified urban areas.

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..... tional wealth-tax on immovable property situated in specified urban areas. 2. A question has been raised about the levy of additional wealth-tax on urban property situated outside India. For the period prior to 1st April, 1971 property situated outside India is obviously not to be taken into account as the scope of the applicability of the relevant provision is confined to the cities and towns in .....

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..... ed in foreign countries having regard to urbanisation in those areas. The scheme of the Schedule therefore makes it clear that the reference therein can only be to urban areas in India. 4. The properties located outside India would, therefore, not be taken into account in levying additional wealth-tax. 5. The instructions may kindly be brought to the notice of all the officers working in the cha .....

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