# The Finance Act, 1992, Section 95: Amendment of section 21A

- Act: The Finance Act, 1992 (Act 18 of 1992)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1992/section/95/

## 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.

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