{"act":{"id":"finance-act-1992","short_title":"The Finance Act, 1992","long_title":"An Act to give effect to the financial proposals of the Central Government for the financial year 1992-1993.","act_number":"18","act_year":1992,"enact_date":null,"enforcement_date":null,"ministry":"Ministry of Finance","department":"Department of Revenue","jurisdiction":"CENTRAL","unit":"section","section_count":109,"in_force":true,"spent":false,"spent_note":null,"duplicate_of":null,"text_source":"published","scan_url":null,"url":"https://indiacode.ecourtsindia.com/finance-act-1992/"},"unit":"section","section":{"number":"95","heading":"Amendment of section 21A","text":"Amendment of section 21A. 95. In section, 21A of the Wealth-tax Act, with effect from the 1st day of April, 1993,— (a) for the words, brackets and figures \"Notwithstanding anything contained in clause (i) of sub-section (1) of section 5, where any property is held\", the words \"Where any property is held\" shall be substituted; (b) the words, brackets and figures \"but without. excluding the value of any asset under sub-section (1) of section 5, and at the maximum marginal rate\" shall be omitted; (c) the second proviso shall be omitted; (d) in the third proviso,— (i) for the words \"Provided also that\", the words \"Provided further that\" shall be substituted; (ii) in item (2), for the words and figures \"Part I of Schedule I in' the case of an individual\", the words, brackets and figures \"sub-section (2) of section 3\" shall be substituted; (e) in the Explanation, clause (aa) shall be omitted. [Finance Act, 1992] © Copyright. Taxmann Publications Pvt. Ltd.","html":"<p>Amendment of section 21A.</p><p><b>95.</b> In section, 21A of the Wealth-tax Act, with effect from the 1st day of April, 1993,—</p><p>(<i>a</i>) for the words, brackets and figures \"Notwithstanding anything contained in clause (<i>i</i>) of sub-section (<i>1</i>) of section 5, where any property is held\", the words \"Where any property is held\" shall be substituted;</p><p>(<i>b</i>) the words, brackets and figures \"but without. excluding the value of any asset under sub-section (<i>1</i>) of section 5, and at the maximum marginal rate\" shall be omitted;</p><p>(<i>c</i>) the second proviso shall be omitted;</p><p>(<i>d</i>) in the third proviso,—</p><p>(<i>i</i>) for the words \"Provided also that\", the words \"Provided further that\" shall be substituted;</p><p>(<i>ii</i>) in item (<i>2</i>), for the words and figures \"Part I of Schedule I in' the case of an individual\", the words, brackets and figures \"sub-section (<i>2</i>) of section 3\" shall be substituted;</p><p>(<i>e</i>) in the <i>Explanation,</i> clause (<i>aa)</i> shall be omitted.</p><p>[Finance Act, 1992]</p><p>© Copyright. Taxmann Publications Pvt. Ltd.</p>","words":162,"text_source":"published"},"classification":[],"instruments":[],"judgments":[],"corresponds_to":[],"url":"https://indiacode.ecourtsindia.com/finance-act-1992/section/95/","note":null,"source_note":"Harvested from the Income Tax Department's own portal at incometaxindia.gov.in, which publishes the Finance Acts section by section. India Code carries none of them: its Central community holds the Acts that stand as general law, and a Finance Act is an amending and rate-fixing instrument.","judgments_note":"Judgment holdings are the ratio decidendi as extracted from the order by eCourts India, reproduced unaltered. Reported judgments only.","licence":"Published with commentary and other original matter under s.52(1)(q)(ii), Copyright Act 1957."}