Wealth-Tax Act 1957 as amended by Finance Act 2015

Wealth-Tax Act 1957 as amended by Finance Act 2015.The law/ legal book from Professional contains : Wealth-Tax Act 1957 as amended by Finance Act 2015 Charge of wealth-tax Net wealth to include certain assets Exemptions in respect of certain assets Exclusion of assets and debts outside India Value of assets how to be determined Wealth-tax authorities and their jurisdiction Control of wealth-tax authorities Instructions to subordinate authorities Jurisdiction of Assessing Officers and power to transfer cases Appointment of Valuation Officers Powers of Director-General or Director Chief Commissioner or Commissioner and Joint Commissioner to make enquiries Return of wealth Power of Board to dispense with furnishing documents etc. with return of wealth Filing of return in electronic Return after due date and amendment of return Return by whom to be signed Self-assessment Assessment Reference to Valuation Officer Wealth escaping assessment Time-limit for completion of assessment and reassessment Interest for defaults in furnishing return of net wealth Penalty for failure to furnish returns to comply with notices and concealment of assets etc. Penalty for failure to answer questions sign statements furnish information allow inspections etc Power to reduce or waive penalty in certain cases Power of Commissioner to grant immunity from penalty SPECIAL PROVISION FOR AVOIDING REPETITIVE APPEALS Procedure when assessee claims identical question of law is pending before Hight Court or Supreme Court LIABILITY TO ASSESSMENT IN SPECIAL CASES Tax of deceased person payable by legal representative Assessment in the case of executors Assessment after partition of a Hindu undivided family Assessment after partial partition of a Hindu undivided family Assessment when assets are held by Courts of wards administrators-general etc Assessment in cases of diversion of property or of income from property.