| 1 |
Short title, extent and commencement |
| 2 |
Definitions |
| 3 |
Charge of wealth-tax |
| 4 |
Net wealth to include certain assets |
| 5 |
Exemptions in respect of certain assets |
| 6 |
Exclusion of assets and debts outside India |
| 7 |
Value of assets, how to be determined |
| 8 |
Wealth-tax authorities and their jurisdiction |
| 8A |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 8AA |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 8B |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 9 |
Control of wealth-tax authorities |
| 9A |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 10 |
Instructions to subordinate authorities |
| 10A |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 11 |
Jurisdiction of Assessing Officers and power to transfer cases |
| 11A |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 11AA |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 11B |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,W.E.F. 1-4-1988] |
| 12 |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 12A |
Appointment of Valuation Officers |
| 13 |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
| 13A |
Powers of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner to make enquiries |
| 14 |
Return of wealth |
| 15 |
Return after due date and amendment of return |
| 15A |
Return by whom to be signed |
| 15B |
Self-assessment |
| 15C |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989] |
| 16 |
Assessment |
| 16A |
Reference to Valuation Officer |
| 17 |
Wealth escaping assessment |
| 17A |
Time limit for completion of assessment and reassessment |
| 17B |
Interest for defaults in furnishing return of net wealth |
| 18 |
Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc. |
| 18A |
Penalty for failure to answer questions, sign statements, furnish information, allow inspection, etc. |
| 18B |
Power to reduce or waive penalty in certain cases |
| 18BA |
Power of Commissioner to grant immunity from penalty |
| 18C |
Procedure when assessee claims identical question of law is pending before High Court or Supreme Court |
| 18D |
[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1989, W.E.F. 1-4-1989] |
| 19 |
Tax of deceased person payable by legal representative |
| 19A |
Assessment in the case of executors |
| 20 |
Assessment after partition of a Hindu undivided family |
| 20A |
Assessment after partial partition of a Hindu undivided family |
| 21 |
Assessment when assets are held by courts of wards, administrators-general, etc. |
| 21A |
Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes |
| 21AA |
Assessment when assets are held by certain associations of persons |
| 22 |
Assessment of persons residing outside India |
| 22A |
Definitions |
| 22B |
Wealth-tax Settlement Commission |
| 22BA |
Jurisdiction and powers of Settlement Commission |