Wealth Tax Act

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 143 items in 3 pages
1Short title, extent and commencement
2Definitions
3Charge of wealth-tax
4Net wealth to include certain assets
5Exemptions in respect of certain assets
6Exclusion of assets and debts outside India
7Value of assets, how to be determined
8Wealth-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]
9Control of wealth-tax authorities
9A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
10Instructions to subordinate authorities
10A[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
11Jurisdiction 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]
12AAppointment of Valuation Officers
13[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988]
13APowers of Director General or Director, Chief Commis­sioner or Commissioner and Joint Commissioner to make enquiries
14Return of wealth
15Return after due date and amendment of return
15AReturn by whom to be signed
15BSelf-assessment
15C[OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989]
16Assessment
16AReference to Valuation Officer
17Wealth escaping assessment
17ATime limit for completion of assessment and reassess­ment
17BInterest for defaults in furnishing return of net wealth
18Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc.
18APenalty for failure to answer questions, sign state­ments, furnish information, allow inspection, etc.
18BPower to reduce or waive penalty in certain cases
18BAPower of Commissioner to grant immunity from penalty
18CProcedure 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]
19Tax of deceased person payable by legal representative
19AAssessment in the case of executors
20Assessment after partition of a Hindu undivided family
20AAssessment after partial partition of a Hindu undivided family
21Assessment when assets are held by courts of wards, administrators-general, etc.
21AAssessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes
21AAAssessment when assets are held by certain associ­ations of persons
22Assessment of persons residing outside India
22ADefinitions
22BWealth-tax Settlement Commission
22BAJurisdiction and powers of Settlement Commission

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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)
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