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Section14
The Wealth-tax Act, 1957

Return of wealth

Spent From 01 Apr 1957 Act 27 of 1957 As on 17 Oct 2026

Act 27 of 1957 Ministry Finance Enacted 12 Sep 1957 In force 01 Apr 1957 Cited by 13 provisions

Section 14 of the Wealth-tax Act, 1957 deals with return of wealth. Every person, if his net wealth or the net wealth of any other person in respect of which he is assessable under this Act on the valuation date exceeded the maximum amount which is not chargeable to wealth-tax, shall, on or before the due date, furnish a return of his net wealth or the net wealth of The Act came into force on 01 Apr 1957.

[(1) Every person, if his net wealth or the net wealth of any other person in respect of which he is assessable under this Act on the valuation date exceeded the maximum amount which is not chargeable to wealth-tax, shall, on or before the due date, furnish a return of his net wealth or the net wealth of such other person as on that valuation date in the prescribed form and verified in the prescribed manner setting forth particulars of such net wealth and such other particulars as may be prescribed.

Explanation.—In this sub-section, “due date” in relation to an assessee under this Act shall be the same date as that applicable to an assessee under the Income-tax Act under the Explanation to sub-section (1) of section 139 of the Income-tax Act.

(2) Notwithstanding anything contained in any other provision of this Act, a return of net wealth which shows the net wealth below the maximum amount which is not chargeable to tax shall be deemed never to have been furnished:

Provided that this sub-section shall not apply to a return furnished in response to a notice under

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Section 14, The Wealth-tax Act, 1957 (Act 27 of 1957).

Cross-references

Extracted from the operative text of the enactments themselves. Every destination below exists in our corpus.

This section refers to

  1. Income-tax Act s. 139 Return of income

Referred to by 13

  1. Finance Act s. 73 Exemption from wealth-tax in respect of assets specified in declaration
  2. Finance Act s. 62 Insertion of new sections 14A and 14B
  3. Finance Act s. 194 Exemption from wealth-tax in respect of assets specified in declaration
  4. s. 15 Return after due date and amendment of return
  5. s. 15A Return by whom to be signed
  6. s. 16 Assessment
  7. s. 16A Reference to Valuation Officer
  8. s. 17 Wealth escaping assessment
  9. s. 17B Interest for defaults in furnishing return of net wealth
  10. s. 18 Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc
  11. s. 19 Tax of deceased person payable by legal representative
  12. s. 34A Refunds

and 1 more

Questions about Section 14

What does Section 14 of the Wealth-tax Act deal with?

Section 14 of the Wealth-tax Act is headed "Return of wealth". Every person, if his net wealth or the net wealth of any other person in respect of which he is assessable under this Act on the valuation date exceeded the maximum amount which is not chargeable to wealth-tax, shall, on or before the due date, furnish a return of his net wealth or the net wealth of

How do I find court cases under Section 14 of the Wealth-tax 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: Wealth Tax Act 14, section 14 Wealth Tax Act, section 14 of the Wealth-tax 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 14 of the Wealth-tax Act, and has it changed?

Its own text turns on Income-tax Act 139 (Return of income), so none of them can safely be read on its own. 13 other provisions in this corpus refer back to it.

When did Section 14 of the Wealth-tax Act come into force?

Section 14 of the Wealth-tax Act, cited as Wealth Tax Act 14, came into force on 01 Apr 1957, having been enacted on 12 Sep 1957. It is in force as at the date shown on this page.

Other sections of this Act

Source and method. Compiled from the enactments of Parliament and of the State legislatures as published on India Code, and republished together with commentary and other original matter under section 52(1)(q)(ii) of the Copyright Act, 1957. Structured, cross-referenced and maintained by eCourtsIndia. Recovered from the consolidated text published by India Code on the Act's own item (3fd2ecf9-23b2-4ae9-b5fe-a23fd3c0080f). India Code lists this Act but publishes no sections for it, so there was nothing to harvest, only a document to read. This page is not a substitute for legal advice.