+91- 9606168128
[email protected]
Home
About Us
Services
Start my Business
Company Registration
LLP Registration
Partnership Registration
Proprietorship Registration
NGO Registration
Business and Tax Registration
Importer Experter Code (IEC)
ISO Certification
GeM Registration
MSME/ SSI/ Udyog Aadhar Registration
Food License/FSSAI Registration
Shop Establishment Registration
ESI & PF Registration
PAN & TAN
Intellectual Property Rights
Trademark
Copyright
Patent
Tax Return Filing
Income Tax Return (ITR)
TDS return
DSC
Transfer Pricing
Taxation of Expatriates
Outsourcing Services
Mergers & Acquisitions
Compliance Services
Fund Raising
Auditing
Accounting & Book-Keeping
GST
Registration
Return Filing
E-Way Bill
Act
CGST
IGST
UTGST
GST Compensation States Act 2017
GST 101 Constitution Amendment Act, 2016
Rules
CGST Rules 2017 Part A
CGST Rules 2017 Part B
IGST Rules 2017
Circular
CGST Circular
IGST Circular
Compensation Cess
CGST Order
UTGST Order
Ordinance
Instructions
Removal of Difficulty Order
Notifaction
Central Tax Rate
Central Tax
Integrated Tax Rate
Integrated Tax
Union Territory Tax
Union Territory Tax Rate
Compensation Cess
Compensation Cess Rate
Form
Challan
Composition
Invoice-Format
Refund-Forms-Centre
Refund-Forms-State
Registration-Cancellation
Return-Statement
Transition-Formats-Rules
HSN Code With Rate
SAC Code
Miscellaneous Services
Startups
Foreign Investment
Knowledge Base
Acts
Income Tax Act
Companies Act
Companies ( Donation to National ) Fund Act
Limited Liability Partnership Act
Partnership Act
Societies Registration Act
Competition Act
Monopolies and Restrictive Trade Practices Act
Chartered Accountants Act
Company Secretaries Act
Cost And Works Accountants Act
Wealth Tax Act
Rules
Income Tax Rules
Company Law Rules
Notification
Income Tax
Company Law
Forms
Income Tax Returns Forms
Income Tax Forms
Wealth Tax Returns
Income Tax Challans
Income Tax Other Forms
ROC Forms
Limited Liability Partnership (LLP)
Circulars
Income Tax
Company Law
Utilities
Important Links
PAN
TAN
E-Payment Online
Income Tax
CBIC
PF & ESI
Excise and Service Tax
MCA
CA/CS
Supreme Court
More Link
Rates
Rates of Income Tax
TDS Rates for N.R.I u/s 195
Rates of TDS
Rates of NSC Interest
Rates of Depreciation Under Income Tax Act
Rates of Depreciation Under Company Act
Gold and Silver Rates
Calculator
Kisan Vikas Patra
Get Number Of Installment
Equated Monthly Installment (EMI)
House Rent Allowance (HRA)
Fringe Benefit Tax (FBT)
Income Tax Calculator
Home Loan Calculator
Auto Loan Calculator
National Saving Certificates (NSC)
Code
MICR Codes
IFSC Codes
Cost Inflation Index
Career
Contact Us
Blog
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##
Wealth Tax Act
Enter Section No
Enter Section Heading
Section No
Section Heading
1
2
3
Page size:
select
10
20
50
143
items in
3
pages
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
News Section
News
{1}
##LOC[OK]##
{1}
##LOC[OK]##
##LOC[Cancel]##
{1}
##LOC[OK]##
##LOC[Cancel]##
26 Sep 23
PHHC: Providing Innovation Services to a German company is Considered Exporting A Service
Exemption for CG Not Applicable to the Purchase of a Residential Home Outside the Country After 2015
CBDT releases Excel-Based and MAC Utilities for AY 2023-24
GSTN launches Track Application Status tab for GST Registration
ICAI invites suggestions for Pre-Budget Memorandum 2024
25 Sep 23
GST Registration and Other related Services: Know Minimum Fee Recommended by ICAI to CAs
LIC Receives GST Bill Exceeding Rs 290 Crore from Bihar Tax Department
24 Sep 23
Tax Dept Unleashes Offline DSC Utility for Developing Signature File
A Full List of Documents Required for Income Tax Audit
TPA Indore Files a Petition in HC Due to GSTAT Establishment in Bhopal
23 Sep 23
GST Circular No. 198/10/2023 for Clarifications on E-invoice Issues
GST Circular No. 193/05/2023 Clarifies the D/B ITC Claim in GSTR-3B & GSTR-2A From 01st April 2019 to 31st Dec 2021
4 Mistakes to Avoid When Considering July 2023 Circulars
Karnataka Tax Dept Starts Campaign Against Coaching Centers Avoiding GST
CBIC Chairman: Improved Tax Compliance Increasing GST Revenue Mop-up
21 Sep 23
Mumbai ITAT: Income By Consultancy Services Can’t Be Subjected to Additional Taxation U/S 44ADA
AP AAR: GST Rate On Crackle Should Rise to 18% from 12%
Bombay HC Cancels Re-assessment Order in the Absence of Any New Information
Kerala HC: Buyer Can’t Be Refused for GST Credit Due to Seller’s GSTR-2A Omission
20 Sep 23
GSTN releases Advisory on Geocoding Functionality for the Additional Place of Business
Pre-Filled Tax Forms and Extensive Digitization Boost Tax Collection
SC Releases Fresh Notice in Case of Madras Tax Bar vs. Union of India
ITAT Delhi: No Additions Without Verification from the Builder About the Buy of the Property
18 Sep 23
Madhya Pradesh Cabinet to Impose 28% GST on Online Gaming and Casino Deposits
Income Tax Department Unveils Suite of Tax Tools to Aid Taxpayers
GST Authorities to Pursue Fake ITC Investigations on 1.25 Lakh Entities Until December
17 Sep 23
ED Files Chargesheet in GST Fraud Investigation
MCA Extends Company Law Committee Tenure Until September 2024
16 Sep 23
IT Dept Releases Updated Offline Utility for Form 3CA-3CD and 3CB-3CD Forms for AY 2023-24
Delhi HC: Failure to Submit the Address Change Form Can’t Be Used as a Defence for Refusing to Reinstate GSTIN
Patna HC: I-T Section 153A Must be Applied Based on Evidence Disclosed During a Search
12 Sep 23
GSTN Alerts GSPs Regarding the Unauthorized Scraping of the GST Portal
GST E-invoicing Reporting Time Limit Increases 30 Days from Earlier 7 Days
11 Sep 23
Delhi HC: Unlawful for GST Authorities to Confiscate Cash on the Grounds of Suspicion of Black Money
Delhi ITAT: Screening and Investigation Services in India Are Not Considered Royalty or FTS
Bombay HC Orders Dept for Granting TDS Refund to Assessee Under Protest
10 Sep 23
Bombay HC Invalidates a Reassessment Notice Given After 3 Years Without Approval
Delhi HC: Patent and Trademark Agents Fall Outside the Scope of the BCI or Advocates Act
09 Sep 23
Madras HC: GST Audit Limited to Registered Firms and Cannot Occur After Business Closure U/S 65
Easy Way to Understand About ITR Filing Processing Time
Supply Value of Services Encompasses Both Non-cash and Cash Consideration
08 Sep 23
income Tax Department Issues Intimation Notices to 22,000 Taxpayers for ITR Mismatch
Gujarat HC Directs GST Dept to Handover Records to DGGI While Investigation
Arunachal Pradesh Govt Amends GST Bill 2023 for Adding New Provisions
07 Sep 23
Calcutta HC: GST Authority Can’t Allocate Notice to Advoate in Place of the Assessee
T Dept Clarifies Tax Notice Mistakenly Sent for Incorrect Claims U/S 80P
ITAT: Interconnectivity Utility Charges Royalties Invalid Under India-Austria DTAA
06 Sep 23
AAR: Delay Payment Interest on Services Included in GST Supply & Liability Valuation
CBDT Dept Issues 20K+ Intimations in 15 Days Due to ITR Mismatch
Punjab’s GST Revenue Collection Soars by 31%, Reaching INR 1,713 Crore
Due Date Reminder
Jan
Feb
Mar
Apr
May
June
July
Aug
Sep
Oct
Nov
Dec
All
07 Oct 23
"Payment of TDS/TCS of September. In case of government offices where TDS/TCS is paid by book entry, same shall be paid on the same day on which tax is deducted or collected. "
07 Oct 23
Return of External Commercial Borrowings for September.
10 Oct 23
Monthly Return by Tax Deductors for September.
10 Oct 23
Monthly Return by e-commerce operators for September.
11 Oct 23
Monthly Return of Outward Supplies for September.
13 Oct 23
Monthly Return by Non-resident taxable person for September.
13 Oct 23
Monthly Return of Input Service Distributor for September.
13 Oct 23
Quarterly Return of Outward Supplies for Jul-Sep (QRMP)
14 Oct 23
Notice for the appointment of Auditor if AGM date was 30 Sep (within 15 days of AGM)
15 Oct 23
Issue of TDS Certificate u/s 194-IA for TDS deducted on Purchase of Property in August.
15 Oct 23
Issue of TDS Certificate for tax deducted u/s 194M on certain payments by individual/HUF in August.
15 Oct 23
Issue of TDS Certificate for tax deducted u/s 194S on Virtual Digital Assets in August.
15 Oct 23
Issue of TCS certificate for April-June.
15 Oct 23
Issue of TDS Certificates for April-June.
15 Oct 23
Details of Deposit of TDS/TCS of September by book entry by an office of the Government.
15 Oct 23
E-Payment of PF for September.
15 Oct 23
Payment of ESI for September
15 Oct 23
TCS Statement for Sep Quarter.
15 Oct 23
Statement by Banks etc. in respect of foreign remittances in Sep Quarter.
15 Oct 23
E-filing of form 15G/H for Sep Quarter.
18 Oct 23
Payment of tax of Jul-Sep quarter for taxpayers under Composition Scheme.
20 Oct 23
Monthly Return by persons outside India providing online information and data base access or retrieval services, for September.
20 Oct 23
Summary Return cum Payment of Tax for September by Monthly filers. (other than QRMP).
22 Oct 23
Summary Return of Jul-Sep quarter by Quarterly filers in Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana, Andhra Pradesh, the Union territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman and Nicobar Islands or Lakshadweep.
24 Oct 23
Summary Return of Jul-Sep quarter by Quarterly filers in Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha, the Union territories of Jammu and Kashmir, Ladakh,Chandigarh or Delhi.
25 Oct 23
Statement of Financial Transactions by Depositories, Registrars & Share Transfer Agents for reporting of information relating to Capital gains on transfer of listed securities or units of Mutual Funds for July-Sep
25 Oct 23
Half yearly Details of goods/capital goods sent to & from job worker for Apr-Sep for turnover above 5 cr.
28 Oct 23
Return for September by persons with Unique Identification Number (UIN) like embassies etc to get refund under GST for goods and services purchased by them.
29 Oct 23
Filing of financial statements by Cos (Other than OPCs) for FY 2022-23 with the ROC. (30 days from AGM.)
30 Oct 23
Deposit of TDS u/s 194-IA on payment made for purchase of property in September.
30 Oct 23
Deposit of TDS on certain payments made by individual/HUF u/s 194M for September.
30 Oct 23
Deposit of TDS on Virtual Digital Assets u/s 194S for September.
30 Oct 23
Issue of TCS certificate by All Collectors for September quarter.
30 Oct 23
Statement of Accounts and Solvency for 2022-23 to be filed by every LLP.
30 Oct 23
Half-yearly return by Nidhi Companies for April to September.
31 Oct 23
Specified Companies(receiving supplies from Micro & Small whose outstanding dues exceed 45 days) to file details of all outstanding dues to Micro or Small enterprises suppliers for Apr to Sep.
31 Oct 23
Avail QRMP for Oct-Dec onwards.
31 Oct 23
TDS Statements for September quarter.
31 Oct 23
Statement of tax deposited in relation to transfer of virtual digital asset u/s 194S by an exchange for September quarter.
31 Oct 23
Quarterly return of non-deduction at source by banks from interest on time deposit for September quarter.
31 Oct 23
E-filing of information of declarations in Form 60 received upto 30 Sep.
31 Oct 23
Furnishing of Annual audited accounts for each approved programmes u/s 35(2AA).
31 Oct 23
Statement of foreign income offered for tax for the previous year and of foreign tax deducted or paid on such income. (if due date of ITR is October 31).
31 Oct 23
Online Application by Domestic Co. (other than to whom transfer pricing provisions are applicable) for exercise of option u/s 115BAA (22% tax)
31 Oct 23
Online Application by new Manufacturing Domestic Co. (other than to whom transfer pricing provisions are applicable) filing ITR for first time, for exercise of option u/s 115BAB (15% tax).
31 Oct 23
Online Application by Individual/HUF carrying business / profession, for exercise of option u/s 115BAD, where due date of ITR is 31 Oct.
31 Oct 23
Online Application by resident co-operative society, for exercise of option u/s 115BAD where due date of ITR is 31 Oct.
31 Oct 23
Filing of Report u/s 92E for international transactions and specified domestic transactions.
31 Oct 23
Obtaining Tax Audit Report where due date of ITR is 30 Nov.
31 Oct 23
Obtaining MAT/AMT Audit Report etc. where due date of ITR is 30 Nov.
31 Oct 23
Obtaining Audit Report u/s 80JJAA(2) for additional employment where due date of ITR is 30 Nov.
31 Oct 23
Obtaining other Audit Reports where due date of ITR is 30 Nov.
31 Oct 23
Obtaining Audit Reports in Form 10B/10BB.
31 Oct 23
Filing of Income Tax returns by Cos, Partnership firms etc. (Audit applicable)
Readmore...
Blog News
10 Aug 2020
-
Dear Entrepreneurs, Government of India has modified Udyog Adhaar Registration p...
24 Feb 2020
INSTANT PAN
-
Instant PAN allotment in near to real time is available at free of cost. Individ...
14 Feb 2020
TDS BULLETINE
-
28 Jan 2020
Surcharge Applicability
-
13 Jan 2020
Input Tax Credit Set off Rules
-
06 Jan 2020
New ITR-4 for AY 2021 notified by CBDT
-
CBDT released New ITR-4 (Sugam) for the AY 2020-21 Following are the key chang...
28 Dec 2019
E-Assessment
-
19 Dec 2019
Key Decisions Taken at GST 38th Council Meeting:
-
1) Due Date to file GST Annual Return and Audit (GSTR-9 & 9C) extended to 31...
25 Nov 2019
RCM on Rent a Cab Service
-
09 Sep 2019
Section 194N of the Income Tax Act, 1961
-
As you all aware from 1st September 2019 every i)Banking Company ii) Co-operati...
Enquiry Form
Please send us your query and we'll be happy to assist you