Amendment of section 21
Section 34 of the Finance Act, 1971 deals with amendment of section 21. Amendment of section 21. 34. In section 21 of the Wealth-tax Act, in sub-section (4), with effect from the 1st day of April, 1972,— (a) in clause (a) and in the proviso, the words "in the case of an individual" shall be omitted; The Act was enacted on 10 Aug 1971.
Amendment of section 21.
34. In section 21 of the Wealth-tax Act, in sub-section (4), with effect from the 1st day of April, 1972,—
(a) in clause (a) and in the proviso, the words "in the case of an individual" shall be omitted;
(b) the following Explanation shall be inserted at the end, namely: —
"Explanation.—Notwithstanding anything contained in section 5, in computing the net wealth for the purposes of this sub-section in any case, not being a case referred to in the proviso, any assets referred to in clauses (xv), (xvi), (xxii), (xxiii), (xxiv), (xxv), (xxvi), (xxvii), (xxviii) and (xxix) of sub-section (1) of that section shall not be excluded.".
[Finance (No.
2) Act, 1971]
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Section 34, The Finance Act, 1971 (Act 32 of 1971).
Cross-references
Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.
Questions about Section 34
What does Section 34 of the Finance Act deal with?
Section 34 of the Finance Act is headed "Amendment of section 21". Amendment of section 21. 34. In section 21 of the Wealth-tax Act, in sub-section (4), with effect from the 1st day of April, 1972,— (a) in clause (a) and in the proviso, the words "in the case of an individual" shall be omitted;
How do I find court cases under Section 34 of the Finance Act?
In judgments and charge sheets this section is written several ways, and each form finds a different set of orders. These search the full text of every order eCourtsIndia holds, best matches first: Finance Act 1971 34, section 34 Finance Act 1971, section 34 of the Finance Act. Each opens the full list of orders on eCourtsIndia, where it can be narrowed by court, year and outcome.
What should I read with Section 34 of the Finance Act, and has it changed?
Its own text turns on section 5 (Amendment of section 11), section 21 (Substitution of new section for section 80-O), Wealth-tax Act 21 (Assessment when assets are held by courts of wards, administrators-general, etc), so none of them can safely be read on its own.
When was Section 34 of the Finance Act enacted?
Section 34 of the Finance Act, cited as Finance Act 1971 34, was enacted on 10 Aug 1971 as Act 32 of 1971. It is in force as at the date shown on this page.
Other sections of this Act
- First Schedule. First Schedule3950 words
- 10. Amendment of section 40A1041 words
- 2. Income-tax860 words
- 31. Amendment of section 4836 words
- 37. Amendment of Act 18 of 1958668 words
- 32. Amendment of section 5496 words
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