Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

Exemption from wealth-tax in respect of assets specified in declaration

Section 69 - Acts - TAX COMPLIANCE FOR UNDISCLOSED FOREIGN INCOME AND ASSETS - Other Direct Tax / Income Tax - Section 69 - 69. (1) Where the undisclosed asset located outside India is represented by cash (including bank deposits), bullion or any oth .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

f April, 2015; or (b) which have not been shown in the return of net wealth furnished by him for the said assessment year or years; or (c) which have been understated in value in the return of net wealth furnished by him for the said assessment year .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

assets shall not be included in his net wealth for the said assessment year or years; (II) the amount by which the value of the assets referred to in clause (c) has been understated in the return of net wealth for the said assessment year or years, t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

laration under section 59 is made by a firm, the assets referred to in clause (I) or, as the case may be, the amount referred to in clause (II) shall not be taken into account in computing the net wealth of any partner of the firm or, as the case may .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

es to exemption from wealth-tax in respect of assets specified in the declaration. The said clause, inter alia, seeks to provide that where the undisclosed asset located outside India is represented by cash (including bank deposits), bullion or any o .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

not been shown or their value has been understated in the return of net wealth for the said assessment year or years, then, notwithstanding anything contained in the Wealth-tax Act, 1957 or any rules made thereunder, then such asset shall not be inc .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version