Wealth-tax assessments Section 5(1)(iva) of Wealth Tax Act, 1957.

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..... d: 5(1A) ,5(1)(iva) Statute: Wealth Tax Act, 1957 The Board has noticed that in a large number of cases of wealth-tax assessments Section 5(1)(iva) as it existed prior to 1.4.1975, and Section 5(1A) .....

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..... 00 the limit of exemption for agricultural land is reduced by an amount equal to the difference between Rs.1,50,000 and the value of the house property which is exempted from Wealth-tax. Under the Fi .....

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