Power to remove difficulties (1) If any difficulty arises in giving effect to the provisions of this Act as amended by the Direct Tax Laws (Amendment) Act, 1987, the Central Government may, by order, do anything not inconsistent with such provisions for the purpose of removing the difficulty: Provided that no such order shall be made […]
Power to make exemption, etc., in relation to certain Union territories. If the Central Government considers it necessary or expedient so to do for avoiding any hardship or anomaly or removing any difficulty that may arise as a result of the application of this Act to the Union territories of Dadra and Nagar Haveli, Goa,
Power to make rules (1) The Board may, by notification in the Official Gazette, make rules for carrying out the purposes of this Act. (2) In particular, and without prejudice to the generality of the foregoing power, rules made under this section may provide for— (a) the manner in which the market value of
Act not to apply in certain cases No tax shall be levied under this Act in respect of the net wealth of—] (a) to (e) 28[Omitted by the Finance Act, 1992, w.e.f. 1-4-1993.] (f) any company registered under section 2529 of the Companies Act, 1956 (1 of 1956); 30[(g) any co-operative society;] 31[(h)
Rounding off of tax, etc The amount of wealth-tax, interest, penalty, fine or any other sum payable, and the amount of refund due, under the provisions of this Act, shall be rounded off to the nearest rupee and, for this purpose, where such amount contains a part of a rupee consisting of paise, then, if
Rounding off of net wealth The amount of net wealth computed in accordance with the foregoing provisions of this Act shall be rounded off to the nearest multiple of one hundred rupees and, for this purpose, any part of a rupee consisting of paise shall be ignored and thereafter, if such amount contains a part
Countries with which no agreement exists Where the net wealth of any assessee includes any foreign wealth and he proves that, in respect of such foreign wealth, he has paid in any country, with which there is no reciprocal arrangement under section 44A for the relief or avoidance of double taxation, a tax in respect
Agreement for avoidance or relief of double taxation with respect to wealth-tax The Central Government may enter into an agreement with the Government of any reciprocating country— (a) for the avoidance or relief of double taxation with respect to wealth-tax payable under this Act and under the corresponding law in force in the reciprocating
Appearance before wealth-tax authorities by authorised representatives (1) Any assessee who is entitled to or required to attend before any wealth- tax authority or the Appellate Tribunal in connection with any proceeding under this Act, except where he is required under this Act to attend in person, may attend by a person who would be
Bar of jurisdiction No suit shall lie in any civil court to set aside or modify any 13[proceeding taken or]14[order] made under this Act, and no prosecution, suit or other legal proceeding shall lie against 15[the Government or] any officer of the Government for anything in good faith done or intended to be done under this Act.