# The Finance Act, 1972, Section 50: Amendment of section 45

- Act: The Finance Act, 1972 (Act 16 of 1972)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1972/section/50/

## Text

Amendment of section 45. 50. In section 45 of the Wealth-tax Act,— (a) for the words "The provisions of this Act shall not apply to—", the words "No tax shall be levied under this Act in respect of the net wealth of-" shall be substituted; (b) after clause (f), the following clause shall be, and shall be deemed always to have been, inserted, namely:— "(g) any co-operative society.". [Finance Act, 1972] © Copyright. Taxmann Publications Pvt. Ltd.

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