# The Finance Act, 1991, Section 73: Amendment of section 5

- Act: The Finance Act, 1991 (Act 49 of 1991)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1991/section/73/

## Text

Wealth-tax Amendment of section 5. 73. In section 5 of the Wealth-tax Act, 1957 (27 of 1957) (hereinafter referred to as the Wealth-tax Act), in sub-section (1),— (a) for clause (xviia), the following clause shall be substituted and shall be deemed to have been substituted with effect from the 1st day of April, 1984, namely:— "(xviia) the amount standing to the credit of— (a) an individual; or (b) a Hindu undivided family; or (c) an association of persons or body of individuals consisting, in either case, only of husband and wife governed by the system of community of property in force in the State of Goa and the Union territories of Dadra and Nagar Haveli and Daman and Diu, in any provident fund set up by the Central Government and notified by it in this behalf in the Official Gazette;"; (b) in clause (xxvb), for the words "the National Sayings Scheme referred to in", the words, brackets and figures "any scheme referred to in clause (i) of sub-section (2) of" shall be substituted with effect from the 1st day of October, 1991. [Finance (No. 2) Act, 1991] © Copyright. Taxmann Publications Pvt. Ltd.

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