THE WEALTH-TAX ACT, 1957

SUBJECTWISE INDEX

 

Ø      ABETMENT

§         Of False Return [Section 35f]]

 

Ø      ACCOUNTS

§         Failure to produce [Section 35C]

§         Impounding of [Section 37(3)]

§         Presumption as to [Section 35N]

§         Requisition of [Section 37B]

Ø      ACT

§         Applicability [Section 1(2)]

§         Date of enforcement [Section 2(3)]

§         Meaning [Section 1(1)]

§         Non-applicability [Section 45]

§         Power to remove difficulties [Section 47]

 

Ø      ADDITIONAL WEALTH-TAX

§         Adjustment of, against refunds [Section 16(1A)]

§         Levy of [Section 16(1A)]

 

Ø      ADMINISTRATOR

§         liability to pay tax of deceased assessee [section 19]

 

Ø      ADMINISTRATOR GENERAL

§         Assessment Of [Section 21]

 

Ø      AGENT

§         Certificate regarding retention of amounts [Section 22]

§         Of person resident outside India—assessment of [Section 22]

 

Ø      AGRICULTURAL LAND

 

§         Not An Asset [Section 2(E)(1)(I)]

 

Ø      ANNUITY

§         Right To Annuity Not An Asset [Section 2(E)(2)]

 

Ø      APPEAL

§         Admission by Tribunal [Section 24(3)]

§         Avoidance of repetitive appeals [Section 18C]

§         Before Commissioner (Appeals) [Section 23A]

§         From the order of the Assessing Officer to Deputy Commissioner [Section 23]

§         From the order of Deputy Commissioner [Section 24]

§         Hearing by Deputy Commissioner [Section 23(4)]

§         To Deputy Commissioner [Section 23]

§         To Deputy Commissioner — Limitation period [Section 23(2)]

§         To High Court [Section 27A]

§         To Supreme Court [Section 29]

§         To Tribunal [Section 24]

§         To Tribunal—fee [Section 24(4)]

§         To Tribunal against enhancement by Chief Commissioner/Commissioner [Section 26]

§         To Tribunal by Department [Section 24(2)]

 

Ø      APPELLATE TRIBUNAL

§         Appeal to [Section 24]

§         Meaning [Section 2(b)]

§         Opportunity of being heard [Section 24(5)]

§         Order to be sent to assessee and Commissioner [Section 24(9)]

§         Passing of order [Section 24(5)]

§         Power to take evidence on oath, etc. [Section 37]

§         Refusal to make reference [Section 27]

 

Ø      APPLICATION

§         For Settlement Of Case [Section 22c]

 

Ø      ASSESSEE

§         Information about—publication of [Section 42A]

§         Meaning [Section 2(c)]

§         When deemed to be in default [Section 31]

§         When deemed to have concealed wealth [Section 18(1), Explns 3, 4, 5]

 

Ø      ASSESSING OFFICER

§         Jurisdiction and powers [Section 11]

§         Meaning [Section 2(ca)]

§         Power to take evidence on oath, etc. [Section 37]

 

Ø      ASSESSMENT

§         Additional wealth-tax [Section 16(1A)(a)]

§         Additional wealth-tax—when could be decreased or increased [Section 16(1A)(b)]

§         Adjustment in net wealth [Section 16(1), Proviso]

§         Amendment of intimation on filing of revised return [Section 16(1B)]

§         Amendment of return [Section 15]

§         Assets held by AOP [Section 21AA]

§         Best judgment assessment [Section 16(5)]

§         Direct assessment of beneficiary [Section 21(2)]

§         Filing of return after due date [Section 15]

§         Intimation of tax payable [Section 16(1)]

§         Intimation when deemed to be assessment order [Section 16(7), Expln.]

§         In the case of diversion of property held under trust [Section 21A]

§         Liability in special cases [Section 19]

§         Making of assessment [Sections 16(3) and (4)]

§         Meaning [Section 2(cb)]

§         Notice requiring attendance/production of evidence [Section 16(2)]

§         Of agent of person resident outside India [Section 22]

§         Of deceased person [Section 19]

§         Of executors [Section 19A]

§         Of guardian [Section 21]

§         Of HUF after partition [Section 20]

§         Of HUF after partial partition [Section 20A]

§         Of persons residing outside India [Section 22]

§         Of properties held under trust [Section 21]

§         Of trustee [Section 21(1)]

§         Opportunity of being heard [Section 16(5)]

§         Reference to Valuation Officer [Section 16A]

§         Refund on the basis of return [Section 16(1)]

§         Regular assessment — meaning [Section 2(ob)]

§         Return of wealth [Section 14]

§         Self-assessment [Section 15B]

§         Signing of return [Section 15A]

§         Time limit for completion of [Section 17A]

§         Variation in exemption/deduction claimed [Section 16(1)(b)]

§         Wealth escaping assessment [Section 17]

§         When assets are held by certain association of persons [Section 21AA]

§         When assets are held by court of wards/administrators [Section 21]

§         When shares of beneficiaries are indeterminate [Section 21(4)]

 

Ø      ASSESSMENT YEAR

§         Meaning [Section 2(D)]

 

Ø      ASSETS

§         Exempt from tax [Section 5(1)]

§         Foreign exchange asset—meaning [Section 5(1)(xvic), Expln.]

§         Held by administrators—assessment of [Section 21]

§         Held by AOP—assessment of [Section 21AA]

§         Held by court of wards—assessment of [Section 21]

§         Includible in net wealth [Section 4]

§         Meaning [Section 2(e)/2(ea)]

§         Of business—valuation of [Schedule III, Part D]

§         Outside India—exclusion of [Section 6]

§         Properties which are not assets [Section 2(e)(1) & (2)]

§         Valuation—determination of [Section 7]

 

Ø      ASSETS EXCLUDED UPTO ASSESSMENT YEAR 1992-93

§         Agricultural land [Section 2(e)(1)(i)]

§         Animals [Sections 2(e)(1)(iii) and 2(e)(2)(i)]

§         Building owned by cultivator [Section 2(e)(1)(ii) and Proviso]

§         Grass/standing trees on agricultural land [Section 2(e)(1)(i)]

§         Growing crops on agricultural land [Section 2(e)(1)(i)]

§         Interest in property [Sections 2(e)(1)(v) and 2(e)(2)(iii)]

§         Right to annuity [Sections 2(e)(1)(iv) and 2(e)(2)(ii)]

 

Ø      ASSETS INCLUDED FROM ASSESSMENT YEAR 1993-94

§         Cash in hand [Section 2(ea)(vi)]

§         Guest house [Section 2(ea)(i)]

§         Jewellery, bullion, furniture, utensils or any other article made of precious metal [Section 2(ea)(iii)]

§         Except where forming stock-in-trade [Section 2(ea)(iii), proviso]

§         Meaning [Section 2(ea), Explanation (a)]

§         Motor cars not forming stock-in-trade [Section 2(ea)(ii)]

§         Residential house including a farm house [Section 2(ea)(i)]

§         Does not include Specified company's house [Section 2(ea)(i)(1)]

§         Residential house being stock-in-trade [Section 2(ea)(i)(2)]

§         Urban land [Section 2(ea)(v)]

§         Meaning [Section 2(ea), Explanation (b)]

§         Yachts, boats and aircrafts not used for commercial purposes [Section 2(ea)(iv)]

 

Ø      ASSOCIATION OF PERSONS

§         Assessment of [Section 21A]

§         Assets includible in net wealth in certain cases [Section 4]

§         Computation of net wealth [Rule 16, Schedule III]

§         Discontinuance of business/profession [Section 21AA]

§         Imposition of penalty on [Section 21AA(3)]

 

Ø      ATTACHMENT

§         Of Property To Protect Revenue [Section 22DD]

§         Provisional, To Protect Revenue In Certain Cases [Section 34c]

 

Ø      AUTHORISED REPRESENTATIVE

§         Appearance Of [Section 44]

 

Ø      BANKING COMPANY

§         Applicability Of The Act [Section 45]

Ø      BAR OF  JURISDICTION [Section 43]

Ø      BENEFICIARY

§         Meaning [Section 21(5), Expln.]

Ø      BEST JUDGMENT ASSESSMENT

§         Procedure [Section 16(5)]

Ø      BOARD

§         Meaning [Section 2(F)]

Ø      BOOKS OF ACCOUNT

§         See Under Accounts

Ø      BUILDING

§         Valuation Of [Rule 3, Schedule III]

Ø      BUSINESS

§         Discontinuance By Aop [Section 21AA]

Ø      BUSINESS ASSET

§         Valuation Of [Schedule III, Part D]

Ø      CENTRAL BOARD OF DIRECT TAXES

§         Definition of [section 2(f)]

§         instruction to subordinate authorities [section 10]

§         power to make rules [section 45]

Ø      CENTRAL GOVERNMENT

§         Power to make exemption [Section 46A]

§         Power to remove difficulties [Section 47]

§         Power to tender immunity from prosecution [Section 36A]

Ø      CHARGE OF WEALTH-TAX

§         For assessment year commencing on and from 1-4-1957 but before 1-4-1993 [Section 3(1)]

§         For assessment year commencing on and from 1-4-1993 [Section 3(2)]

Ø      CHARGE ON PROPERTY

§         When Void [Section 34B]

Ø      CHARITABLE TRUST

§         Diversion of property [Section 21A]

§         Exemption from wealth-tax [Section 5(1)(i)]

Ø      CHILD

§         Definition [Section 4, Expln. (aa)]

Ø      CIVIL COURT

§         Bar Of Jurisdiction [Section 43]

Ø      CODE OF CRIMINAL PROCEDURE

§         Section 360 Not To Apply [Section 35M]

Ø      COMMISSIONER/CHIEF COMMISSIONER

§         Definition [Section 2(s)]

§         Powers

§         To compound offence [Section 35-I(2)]

§         To make enquiries [Section 13A]

§         To reduce or waive penalty [Section 18B]

§         To requisition books of account, etc. [Section 37B]

§         To revise orders of subordinate authorities [Section 25]

§         To search and seizure [Section 37A]

§         To take evidence on oath [Section 37(1)]

§         To transfer cases [Section 11]

§         Prosecution with previous sanction [Section 37-I(1)]

Ø      COMPANY

§         Interrelated companies—value of unquoted equity share [Rule 13, Schedule III]

§         Meaning [Section 2(h)]

§         Net wealth—exemption of value of shares in other companies [Section 5(1)(xix)]

§         Registered under section 25 of Companies Act, Act not to apply [Section 45]

§         Valuation of shares/debentures [Schedule III, Part C]

§         When deemed to be resident in India [Section 6, Expln. 2]

Ø      CONCEALMENT OF WEALTH

§         Deemed concealment [Section 18(1), Explns. 3, 4, 5]

Ø      CONVEYANCE

§         Meaning [Section 5(1)(viii), Expln. 2]

Ø      CO-OPERATIVE SOCIETY

§         Application of Act [Section 45]

§         Meaning [Section 2(ha)]

Ø      COURT

§         Jurisdiction For Punishment Of Offenders [Section 35C]

Ø      COURT OF WARDS

§         Assessment Of [Section 21]

Ø      CRIMINAL PROCEDURE CODE

§         Applicability Of [Section 35M]

Ø      DEBTS

§         Incurred in relation to assets includible in net wealth to be deducted [Section 2(m)] 

§         Outside India—exclusion [Section 6]

Ø      DIFFICULTIES

§         Removal Of [Section 47]

Ø      DISCLOSURE

§         Of Information Respecting Assessees [Section 42B]

Ø      DOUBLE TAXATION

§         Avoidance Of [Sections 44a, 44b]

Ø      DOUBLE TAXATION AVOIDANCE

§         Agreement with other countries [Section 44B]

§         Relief [Section 44A]

Ø      DWELLING UNIT

§         Meaning [Section 5(1)(Ivc), Expln.]

Ø      ENHANCEMENT

§         Appeal Against [Section 26]

Ø      EVASION OF TAX

§         Wilful Attempt [Section 35a]

Ø      EVIDENCE ON OATH

§         Power To Take [Section 37]

Ø      EXECUTORS

§         Assessment of [Section 19A]

§         Meaning [Sections 2(i); 19A, Expln.]

§         Status for assessment [Section 19A(3)]

Ø      EXEMPT ASSETS

§         From assessment year 1993-94

§         Assets brought by returning indians [section 5(v)]

§         building in the occupation of rulers [section 5(iii)]

§         house belonging to an individual or huf [section 5(vi)]

§         interest in huf property [section 5(ii)]

§         Jewellery in the  possession of any ruler, not being his personal property [section 5(iv)]

§         properties held under trust for charitable/religious purposes [section 5(i)]

§         Upto assessment year 1992-93

§         Agricultural tools [section 5(1)(ix)]

§         assets brought by returning indians [section 5(1)(xxxiii)]

§         assets forming part of industrial undertaking [section 5(1)(xxxi)]

§         article intended for personal/household use [section 5(1)(viii)]

§         bank deposits [section 5(1)(xxvi)]

§         bonds received as gift [section 5(1)(xvig)]

§         building in the occupation of rulers [section 5(1)(iii)]

§         Capital investment bonds [section 5(1)(xvid)]

§         copyright [section 5(1)(v)]

§         debentures [section 5(1)(xvie)]

§         debentures issued by co-operative societies [section 5(1)(xxiv)]

§         Deposits in schemes recognized under section 80cca of it act [section 5(1)(xxvb)]

§         deposits under national deposit scheme [section 5(1)(xxva)]

§         deposits with co-operative housing societies [section 5(1)(xxx)]

§         Deposits with co-operative societies [section 5(1)(xxix)]

§         deposits with financial corporations [section 5(1)(xxvii)]

§         deposit/security with government/local authority [section 5(2)]

§         deposits with housing authorities [section 5(1)(xxviib)]

§         deposits with idbi [section 5(1)(xxviia)]

§         deposits with national housing bank [section 5(1)(xxviid)]

§         Deposits with public sector companies [section 5(1)(xxviic)]

§         drawings and paintings [section 5(1)(xiii)]

§         dwelling unit and land appurtenant thereto [section 5(1)(ivc)]

§         equity share capital in industrial undertaking [section 5(1)(xxxiv)]

§         extent of exemption [section 5(1a)]

§         foreign exchange asset [section 5(1)(xvic) and (xvica)]

§         Furniture [section 5(1)(viii)]

§         gallantry awards [section 5(1)(xviii)]

§         gold bonds [section 5(1)(xvia)]

§         government securities [section 5(1)(xxii)]

§         holding of shares and bonds for minimum periods [section 5(3)]

§         house [section 5(1)(iv)]

§         household utensils [section 5(1)(viii)]

§         instruments essential for carrying on profession/vocation [section 5(1)(x)]

§         Interest in assets of industrial undertaking [section 5(1)(xxxii)]

§         interest in huf property [section 5(1)(ii)]

§         interest in insurance policies [section 5(1)(vi)]

§         Jewellery in the possession of any ruler, not being his personal property [section 5(1)(xiv)]

§         medals/trophies [section 5(1)(xviiia)]

§         notified deposits [section 5(1)(xv)]

§         Patent rights [section 5(1)(v)]

§         photographs, prints, etc. [section 5(1)(xiii)]

§         post office savings [section 5(1a)]

§         professional fees to lawyers [section 5(1)(xa)]

§         properties held by trustees of gratuity fund [section 5(1)(xviic)]

§         properties held by trustees of provident fund [section 5(1)(xviib)

§         properties held by trustees of superannuation fund [section 5(1)(xviid)]

§         Properties held under trust [section 5(1)(xviiba)]

§         properties held under trust for charitable/religious purposes [section 5(1)(i)]

§         provident fund accretions [sections 5(1)(xvii) and (xviia)]

§         relief bonds [section 5(1)(xvif)]

§         residential dwelling unit [section 5(1)(xxxa)]

§         right or interest in annuity plans of lic [section 5(1)(xxvc)]

§         Right to receive annuity [section 5(1)(via)]

§         right to receive life annuity [section 5(1)(vii)]

§         right to receive pension [section 5(1)(vii)]

§         savings certificates [section 5(1)(xvi)]

§         scientific/art collections [section 5(1)(xi)]

§         scientific instruments [section 5(1)(xi)]

§         shares held by hufs [section 5(1)(xxiii)]

§         Shares in co-operative societies [section 5(1)(xxviii)]

§         shares in companies [section 5(1)(xx) and (xxa)]

§         special bearer bonds [section 5(1)(xvib)]

§         units of mutual funds [section 5(1)(xxiva)]

§         units of uti [section 5(1)(xxv)]

§         wealth employed for carrying on industrial activity [section 5(1)(xxi)]

§         wearing apparel [section 5(1)(viii)]

§         Works of art [section 5(1)(xii)]

Ø      EVASION OF TAX

§         Meaning of tax sought to be evaded [section 18(1), expln.]

Ø      Financing company

§         applicability of the act [section 45]

Ø      FIRM

§         Computation of net wealth [rule 16, schedule iii]

§         valuation of interest [rule 15, schedule iii]

Ø      GIFT

§         By Book Entries [Section 4(5a)]

Ø      HIGH COURT

§         Definition [Section 29B]

§         Hearing by [Section 28]

§         Procedure when assessee claims identical question of law is pending before [Section 18C]

§         Reference to [Section 27]

Ø      HINDU UNDIVIDED FAMILY

§         Assessment after partial partition [Section 20A]

§         Assessment after partition [Section 20]

§         Impartible estate, holder of [Section 4(6)]

§         Liability to wealth-tax [Section 3]

§         When deemed to be resident [Section 6, Expln. 1]

Ø      IMMUNITY FROM PROSECUTION [Section 36A]

Ø      IMPARTIBLE ESTATE

§         Holder Deemed To Be Individual Owner [Section 4(6)]

Ø      INCOME

§         Diversion Of—Property Held Under Trust [Section 21a]

Ø      INCOME-TAX ACT

§         Meaning [Section 2(J)]

Ø      INDIA

§         Meaning [Section 2(Ka)]

Ø      INDUSTRIAL COMPANY

§         Applicability Of The Act [Section 45]

Ø      INDUSTRIAL UNDERTAKING

§         Articles, Manufacture Of, Which Are Exempt [Schedule II]

Ø      INFORMATION RESPECTING ASSESSEES

§         Disclosure of [Section 42B]

§         Furnishing of [Section 38]

§         Publication of [Section 42A]

Ø      INSURER

§         Applicability Of The Act [Section 45]

Ø      INTEREST

§         For default in furnishing return [Section 17B]

§         On refund [Section 34A(3A)]

§         Reduction of [Section 17B(2)]

§         Waiver of [Section 31(2A)]

Ø      INVESTMENT COMPANY

§         Valuation Of Unquoted Share [Rule 12, Schedule III]

Ø      IRREVOCABLE TRANSFER

§         Meaning [Section 4, Expln.]

Ø      JEWELLERY

§         Meaning [Section 5(1)(viii), Expln.1]

§         Not includible in net wealth [Section 5(1)(xiv)]

§         Recognition as heirloom of Ruler [Section 5(1)(xiv) Proviso]

§         Valuation of [Rule 18, Schedule III]

Ø      JURISDICTION

§         Bar Of [Section 43]

Ø      LAND

§         Valuation Of, [Rule 3, Schedule Iii]

Ø      LAND APPURTENANT TO DWELLING UNIT

§         Meaning [Section 5(1)(Ivc), Expln.]

Ø      LEGAL REPRESENTATIVE

§         Liability in respect of discontinued business/profession [section 21AA(4)]

§         liability to pay tax of deceased assessee [section 19]

§         meaning [section 2(lb)]

Ø      LIFE INTEREST

§         Valuation Of [Rule 17, Schedule Iii]

Ø      LIMITATION

§         Computation of periods of [Section 40]

§         For completion of assessment/reassessment—exclusions [Section 17A, Expln. 1]

§         For levy of penalty [Section 18(5)]

§         For sending intimation regarding tax/interest [Section 16(1), Proviso]

Ø      MARKET VALUE

§         Restrictive Covenants [Rule 21, Schedule Iii]

Ø      MAXIMUM MARGINAL RATE

§         Meaning Of [Section 2(Lc)]

Ø      MISTAKE

§         Rectification Of [Section 35]

Ø      MORTGAGE

§         Of Property — When Void [Section 34b]

Ø      MUTUAL FUND

§         Applicability Of The Act [Section 45]

Ø      NET WEALTH

§         Assets exempt from tax [Section 5(1)]

§         Assets held by AOP under irrevocable transfer [Section 4(1)]

§         Assets held by minor child [Section 4(1)]

§         Except income referred to in section 64(1A), proviso [Section 4(1), second and third provisos]

§         Assets included [Section 4]

§         Assets transferred for inadequate consideration [Section 4(1)]

§         Concealment of—levy of penalty [Section 18(1)]

§         Debts deductible [Section 4(3)]

§         Exclusion of assets outside India [Section 6]

§         Exclusion of debts outside India [Section 6]

§         Gift by book entries [Section 5(5A)]

§         Gifted assets when excluded [Section 4(1), Proviso]

§         Individual property converted into HUF property [Section 2(1A)]

§         Lease by co-operative housing society [Section 4(7)]

§         Meaning [Section 2(m)]

§         Reassessment of [Section 17]

§         Rounding off [Section 44C]

§         Valuation of assets [Section 7]

§         Value of property transferred irrevocably [Section 4(5)]

Ø      NON-RESIDENT EXTERNAL ACCOUNTS

§         Amounts Standing Deemed To Be Monies Brought Into India [Section 5(1)(Xxxiii), Expln.]

Ø      NOTICES

§         Failure to comply with [Section 18(1)]

§         For reassessment [Section 17(1)]

§         Of demand of tax [Section 30]

§         Requiring attendance of assessee [Section 16(2)]

§         Requiring production of evidence [Section 16(2)]

§         Service of [Section 41]

§         To administrator [Section 19(2)]

§         To executor [Section 19(2)]

§         To legal representative [Section 19(2)]

§         Under section 16(2)—limitation period [Section 16(2), Proviso]

Ø      OFFENCES

§         Abetment of false return [Section 35F]

§         Bar on prosecution [Section 35K]

§         By companies [Section 35HA]

§         By hufs [Section 35H]

§         Contravention of order under section 37A(3A) [Section 35EEE]

§         Culpable mental state—meaning [Section 35-O, Expln.]

§         False statement in verification [Sections 35D and 35E]

§         Failure to furnish particulars [Section 35EE]

§         Failure to furnish return [Section 35R]

§         Failure to produce accounts/records [Section 35C]

§         Jurisdiction of court [Section 35C]

§         Non-cognizable [Section 35J]

§         Power to compound [Section 35-I(2)]

§         Punishment for second/subsequent offences [Section 35G]

§         Section 360 of Cr. P.C. not to apply to certain [Section 35M]

Ø      ORAL TRUST

§         Assessment Where Assets Are Held By [Section 21(4a)]

Ø      PARTITION OF HUF

§         Assessment After [Section 20]

Ø      PARTIAL PARTITION OF HUF

§         Assessment After [Section 20a]

Ø      PAYMENT OF TAX

§         To be made notwithstanding reference, etc. [section 29a]

§         when payable and when assessee deemed in default [section 31]

Ø      PENALTY

§         Approval of Deputy Commissioner [Section 18(3)]

§         Assessee to be heard before levying penalty [Section 18B(4)]

§         Failure to offer explanation [Section 18(1), Expln. 2]

§         For concealment of wealth [Section 18(1)]

§         For failure to allow inspection [Section 18A]

§         For failure to answer questions [Section 18A]

§         For failure to comply with notice [Section 18(1)]

§         For failure to file return [Section 18(1)

§         For failure to furnish information [Section 18A]

§         For failure to sign statements [Section 18A]

§         Levied by Assistant Commissioner [Section 18(3)]

§         Levy by ITO [Section 18(3)]

§         Limitation period [Section 18(5)]

§         Offering false explanation [Section 18(1), Expln. 2]

§         Opportunity for being heard [Section 18(2)]

§         Reduction of [Section 18B]

§         Waiver of [Section 18B]

§         Waiver—approval of Board [Section 18B(2)]

Ø      PERSON OF INDIAN ORIGIN

§         Meaning [Section 5(1)(xxxiii), Expln.; Section 5(1)(xvic), Expln.]

Ø      PERSONS RESIDING OUTSIDE INDIA

§         Assessment Of [Section 22]

Ø      POLITICAL PARTY

§         Applicability of the Act [Section 45]

§         Meaning [Section 45(i), Expln.]

Ø      PREFERENCE SHARES

§         Valuation Of [Rule 10, Schedule Iii]

Ø      PRESCRIBED

§         Meaning [Section 2(N)]

Ø      PRESUMPTION

§         As to books of account [Section 35N]

§         As to culpable mental state [Section 35-O]

Ø      PRINCIPAL OFFICER

§         Meaning [Section 2(O)]

Ø      PROBATION OF OFFENDERS ACT

§         Applicability Of [Section 35m]

Ø      PROFESSION

§         Discontinuance By Aop [Section 21aa]

Ø      PROOF

§         Of Entries In Records/Documents [Section 36]

Ø      PROPERTY

§         Charge/mortgage—when void [Section 34B]

§         Diversion of [Section 21A]

§         Meaning [Section 4, Expln.]

§         Provisional attachment [Section 22DD]

Ø      PROSECUTION

§         bar on [Section 35K]

§         immunity from [Section 22H(1A)]

§         immunity—withdrawal of [Section 22H(2)]

§         power to tender immunity [Section 36A]

§         see also under OFFENCES

Ø      PROVISIONAL ATTACHMENT

§         Order by Settlement Commission [Section 22DD]

§         To protect revenue [Section 34C]

Ø      PUBLIC SECTOR COMPANY

§         Meaning [Section 5(1)(Xxviic), Expln.]

Ø      PUBLIC SERVANT

§         Meaning [Section 2(Oa)]

Ø      PUBLICATION

§         Of Information Respecting Assessees [Section 42a]

Ø      QUESTION OF LAW

§         Procedure When Assessee Claims Identical, Is Pending Before High Court/Supreme Court [Section 18c]

Ø      RATES OF TAX

§         Maximum marginal rate—meaning [Section 2(lc)]

§         From assessment year 1993-94 [Section 3(2)]

§         Upto assessment year 1992-93 [Section 3(1) and Schedule I]

Ø      REASSESSMENT

§         Notice to assessee [Section 17(1)]

§         Notice—limitation period [Section 17(1A)]

§         Period of limitation [Section 17(1), Proviso]

§         Reasons to be recorded [Section 17(1), Proviso]

§         Time limit for completion of [Section 17A]

Ø      RECOVERY

§         Liability of transferees of properties in certain cases [Section 33]

§         Mode of [Section 32]

§         Notice of demand [Section 30]

§         Of tax from agent [Section 22]

§         Of amounts due under settlement of case [Section 22J]

§         When assessee is deemed to be in default [Section 31]

Ø      RECTIFICATION OF MISTAKE [Section 35]

Ø      REFERENCE

§         Application to High Court [Section 27(3)]

§         Cost not to include reference fee [Section 27(7)]

§         Hearing by High Court [Section 27(6), 28]

§         Hearing by Supreme Court [Section 27(b)]

§         Modification of question [Section 27(5)]

§         Refusal by Tribunal [Section 27]

§         Tax to be paid notwithstanding reference [Section 29A]

§         Time limit for preferring reference [Section 27]

§         To Supreme Court [Section 27(3A)]

Ø      REFERENCE TO VALUATION OFFICER

§         Hearing of parties [Section 16A(5)]

§         Notice to assessee regarding proposed value [Section 16A(4)]

§         Notice to assessee to produce accounts [Section 16A(2)]

§         Order of valuation [Section 16A(6)

Ø      REFUND

§         Due to appellate order [Section 34A(1)]

§         Interest payable to assessee [Section 34A(3A)]

§         Interest on refunds [Section 34A(3B)]

§         Interest on withheld amount [Section 34A(4)]

§         Interest when assessing officer does not grant refund [Section 34A(3)]

§         Withholding of [Section 34A(2)]

Ø      REGISTRATION

§         Of Valuer [Section 34ab]

Ø      REGISTERED VALUER

§         Appearance by [Section 34AA]

§         Application by existing valuer [Section 34AC]

§         Existing, to apply afresh [Section 34AE]

§         Furnishing of particulars [Section 34ACC]

§         Meaning [Section 2(oaa)]

§         Registration of [Section 34AB]

§         Removal of name from register [Section 34AD]

§         Restoration of name in register [Section 34AD]

§         Restrictions on practice [Section 34AC]

Ø      REGULAR ASSESSMENT

§         Meaning [Section 2(ob)]

§         Procedure [Section 16]

Ø      RELIGIOUS TRUST

§         Diversion Of Property [Section 21a]

Ø      REMOVAL OF DIFFICULTIES

§         Power Of Central Government [Section 47]

Ø      REPETITIVE APPEALS

§         Avoidance Of [Section 18c]

Ø      REQUISITION OF

§         Books Of Account [Section 37b]

Ø      RETURN OF WEALTH

§         Amendment of [Section 15]

§         Default in furnishing of [Section 17B]

§         Due date—meaning [Section 17B, Expln.]

§         Failure to furnish [Section 35B]

§         Filing after due date [Section 15]

§         Furnishing of [Section 14]

§         Penalty for non-filing of [Section 18(1)]

§         Revision of [Section 15]

§         Signing of [Section 15A]

§         Verification of [Section 15A]

§         When not invalid [Section 42C]

Ø      REVISION

§         Examination of record of proceedings [Section 25(2)]

§         Limitation period [Section 25(3) & (4)]

§         Power of Commissioner [Section 25]

§         Where not permissible [Section 25(1), Proviso]

Ø      ROUNDING OFF

§         Of net wealth [Section 44C]

§         Of wealth-tax [Section 44D]

Ø      RULER

§         Any one building in the occupation of a Ruler exempt [Section 5(1)(iii)]

§         Jewellery as heirloom exempt [Section 5(1)(iv), Proviso]

§         Meaning [Section 2(p)]

Ø      RULES

§         Power To Make [Section 46]

Ø      SEARCH AND SEIZURE

§         Application of Criminal Procedure Code [Section 37A(11)]

§         Application to Board for return of books [Section 37A(9)]

§         Application to Chief Commissioner/Commissioner [Section 37A(9A)]

§         Authorisation [Section 37A(1)]

§         Direction by authorised officer not to part with possession of assets [Section 37A(3A)]

§         Entry to building, etc. [Section 37A(1)]

§         Examination of persons [Section 37A(4)

§         Failure to produce books, etc. [Section 37A(1)]

§         Limitation for completion of proceedings [Section 37A(5A)]

§         Making of copies of documents seized [Section 37A(7)]

§         Notice [Section 37A(1)]

§         Power to order [Section 37A]

§         Presumption as to books [Section 37A(5)]

§         Release of assets [Section 37A(5A)]

§         Requisition of police assistance [Section 37A(3)]

§         Retained assets—how to be dealt with [Section 37A(5B)]

§         Retention of assets seized [Section 37C]

§         Retention of books of account [Section 37A(6)]

§         Rules for [Section 37A(12)]

§         Search of person [Section 37A(1)]

§         Seizure of books, documents, etc. [Section 37A(1)]

§         Where physical possession not feasible [Section 37A(1), Proviso]

 

Ø      SELF-ASSESSMENT

§         Assessee  when deemed to be in default [Section 15B(3)]

§         Liability to pay tax [Section 15B]

Ø      SERVICE OF NOTICE [Section 41]

Ø      SETTLEMENT COMMISSION

§         Appointment of Chairman and members [Section 22B(3)]

§         Composition of [Section 22B]

§         Consideration of materials produced [Section 22D(5)]

§         Constitution of [Section 22B(1)]

§         Decision to be by majority [Section 22BD]

§         Definition [Section 22A(e)]

§         Examination of records [Section 22D(3)]

§         Hearing of parties [Section 22D(4)]

§         Inspection of reports [Section 22G]

§         Jurisdiction [Section 22BA]

§         Order of settlement [section 22D(6)]

§         Power to grant immunity [Section 22H]

§         Power to order provisional attachment [Section 22DD]

§         Power to reopen completed proceedings [Section 22E]

§         Power to send back case to Assessing Officer [Section 22HA]

§         Power to transfer cases [Section 22BC]

§         Procedure [Section 22F]

§         Rules of, to be laid before Parliament [Section 46(4)]

§         Proceedings to be judicial [Section 22L]

§         Vice chairman — meaning [Section 22A(f)]

§         Vice chairman — when to act as Chairman [Section 22BB]

§         Withdrawal of immunity from prosecution [Section 22H(1A)]

Ø      SETTLEMENT OF CASES

§         Application for [section 22c]

§         bar of subsequent application [section 22k]

§         Bench — meaning [section 22a(a)]

§         case — meaning [section 22a(b)]

§         chairman—meaning [section 22a(c)]

§         composition of settlement commission [section 22b(2)]

§         conclusiveness of order [section 22-i]

§         extension of time for payment of unpaid amount [section 22d(2b)]

§         furnishing of copies of reports [section 22g]

§         Hearing of parties [section 22d(4)]

§         inspection of reports [section 22g]

§         interest on unpaid amounts [section 22d(2c)]

§         jurisdiction of commission [section 22ba]

§         levy of additional tax [section 22d(2d)]

§         member — meaning [section 22a(d)]

§         procedure [section 22f]

§         procedure on receipt of application [section 22d]

§         proceedings to be judicial [section 22l]

§         Recovery of sums due [section 22j]

§         reopening of proceedings [section 22e]

§         wealth-tax authority—meaning [section 22a(g)]

§         when settlement becomes void [section 22d(6), (7)]

Ø      SHARES

§         Investment Of Trust Funds [Section 21a]

Ø      SHARES AND DEBENTURES

§         Valuation Of [Schedule Iii Part C]

Ø      SOCIAL CLUB

§         Act Not To Apply [Section 45(H)]

Ø      SUBORDINATE AUTHORITIES

§         Instructions To [Section 10]

Ø      SUPREME COURT

§         Appeal to [Section 29]29

§         Direct reference by Tribunal [Section 27(3A)]

§         Procedure when assessee claims identical question of law is pending before [Section 18C]

Ø      TAX

§         Recovery from agent [Section 22]

§         Recovery from trustee [Section 21A]

§         Rounding off [Section 44D]

§         To be paid notwithstanding reference, etc. [Section 29A]

§         Wilful attempt to evade tax, etc. [Section 35A]

Ø      TAX RATES

§         Maximum Marginal Rate—Meaning [Section 21a, Expln.]

Ø      TRANSFER

§         Irrevocable transfer—meaning [Section 4, Expln.]

§         Liability of transferee in certain cases [Section 33]

§         Meaning [Section 4, Expln.]

§         Of case [Section 11]

§         To defraud Revenue void [Section 34B]

Ø      TRANSPORTING COMPANY

§         Applicability Of The Act [Section 45]

Ø      TRUST

§         Application of income [Section 21A]

§         Deemed trust [Section 21(1), Expln.]

§         For public charitable/religious purposes—diversion of property [Section 21A]

§         Funds invested in shares [Section 21A]

§         Meaning [Section 21A, Expln.]

§         Recovery of tax from trustee [Section 21A]

§         Voluntary contributions [Section 21A]

Ø      TRUSTEE

§         Assessment of [Section 21(1)]

§         Liability in respect of property held under trust [Section 21(3)]

Ø      UNION TERRITORIES

§         Power to make exemption, etc. In relation to [section 46a]

Ø      URBAN LAND

§         Meaning of [Section 2(ea), Expln. (b)]

Ø      VALUATION

§         Assets [Section 7]

§         Assets of business [Rule 14, Schedule III]

§         Interest in form [Rule 15, Schedule III]

§         Jewellery [Rule 18, Schedule III]

§         Life interest [Rule 17, Schedule. III]

§         Other assets [Rule 20, Schedule III]

§         Notice to assessee for production of accounts [Section 16A(2)]

§         Registered valuer—meaning [Section 2(oaa)]

§         Rules for [Schedule III]

§         Valuation date—meaning [Section 2(q)]

§         Valuation officer—meaning [Section 2(r)]

Ø      VALUATION DATE

§         Meaning [Section 2(Q)]

Ø      VALUATION OF ASSETS OF BUSINESS

§         Global Valuation [Rule 14, Schedule Iii]

Ø      VALUATION OF SHARES/DEBENTURES

§         Quoted shares/debentures [Rule 9, Schedule III]

§         Special provisions for quoted shares [Rule 9A, Schedule III]

§         Unquoted equity shares [Rule 11, Schedule III]

§         Unquoted preference shares [Rule 10, Schedule III]

§         Unquoted shares in industrial companies [Rule 13, Schedule III]

Ø      VALUATION OF IMMOVABLE PROPERTIES

§         Adjustment for unearned increase in value [Rule 7, Schedule III]

§         Adjustment to value [Rule 6, Schedule III]

§         Building/land [Rule 3, Schedule III]

§         Gross maintainable rent [Rule 5, Schedule III]

§         Net maintainable rent [Rule 4, Schedule III]

§         When rule 3 does not apply [Rule 8, Schedule III]

Ø      VALUATION OF JEWELLERY

§         Adjustment In Value For Subsequent Years [Rule 19, Schedule Iii]

Ø      VALUATION OFFICER

§         Appointment of [Section 12A]

§         Meaning [Section 2(r)]

§         Power of [Section 38A]

§         Reference to [Section 16A]

Ø      VALUATION RULES

§         Accounting year—meaning [Rule 2(1), Schedule III]

§         Assets of business [Part D, Schedule III]

§         Debenture—meaning [Rule 2(2), Schedule III]

§         Definitions [Rule 2, Schedule III]

§         Equity share—meaning [Rule 2(3), Schedule III]

§         Gold—meaning [Rule 2(4)], Schedule III

§         Gold ornaments [Rule 2(5), Schedule III]

§         Immovable properties [Part B, Schedule III]

§         Investment company [Rule 2(6), Schedule III]

§         Jewellery [Rule 2(7), Schedule III]

§         Preference shares [Rule 2(8), Schedule III]

§         Quoted share [Rule 2(9), Schedule III]

§         Recognized stock exchange [Rule 2(10), Schedule III]

§         Restrictive covenants [Rule 21, Schedule III]

§         Shares/debentures [Part C, Schedule III]

§         Unquoted share [Rule 2(11), Schedule III]

Ø      VALUE OF ASSETS

§         How To Be Determined [Section 7]

Ø      VALUER

§         Registration Of [Section 34ab]

Ø      VERIFICATION

§         Punishment For False Statement [Sections 35d, 35e]

Ø      WEALTH

§         Concealment Of—Investigation [Section 37]

Ø      WEALTH ESCAPING ASSESSMENT

§         Non-filing of return [Section 17(1A), Expln.]

§         Notice to assessee [Section 17(1)]

Ø      WEALTH TAX

§         Assessee deemed to be in default [Section 31]

§         Charge of [Section 3]

§         Extension of time for payment of [Section 31(3)]

§         Evasion of [Section 35A]

§         Liability of transferee of property [Section 33]

§         Mode of recovery [Section 32]

§         Notice of demand [Section 30]

§         Of deceased person payable by legal representative [Section 19]

§         Payment of [Section 31]

§         Rates of [Schedule I]

§         Refund of [Section 34A]

Ø      WEALTH TAX AUTHORITIES

§         Appearance of authorised representative [Section 44]

§         Appointment of valuation officer [Section 12A]

§         Control of [Section 9]

§         Furnishing of statement/information [Section 38]

§         Instructions from Board [Section 10]

§         Jurisdiction [Section 8]

§         Jurisdiction of assessing officer [Section 11]

§         Meaning [Section 22A(g)]

§         Powers [Sections 8 and 13A]

§         Powers of valuation officer [Section 38A]

§         Power to transfer case [Section 11]

§         Power to waive/reduce penalties [Section 18B]

§         Transfer of—effect on pending assessments [Section 39]

Ø      WAIVER OF PENALTY

§         Approval Of Board [Section 18b(2)]