The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (ii)
PUBLISHED BY AUTHORITY
No. 471] NEW DELHI, WEDNESDAY, NOVEMBER 3, 1976/KARTIKA 12, 1898
Separate paging given to this Part in order that it may be filed
as a separate compilation
CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
WEALTH-TAX
New Delhi, the 3rd November 1976
S.O. 702(E).—In exercise of the powers conferred by section 46 of the Wealth-tax Act, 1957 (27 of 1957), the Central Board of Direct Taxes hereby make, the following rules further to amend the Wealth-tax Rules, 1957, namely: —
1. These rules may be called the Wealth-tax (Third Amendment) Rules, 1976. 2. In the Wealth-tax Rules, 1957, in rule 1A, for clause (g), the following clause shall be substituted, namely:—•
'(g) "investment company" means a company whose gross total income consists mainly of income which is chargeable to income-tax under the heads "Interest on securities", "Income from house property", "Capital gains" and "Income from other sources".
Explanation.—In this clause, the expression "gross total income" means the total income computed in accordance with the provisions of the Income-tax Act, 1961 before making any deduction under Chapter VIA of that Act;'.
2O I4 T1*B GAZiEtTfl OF INDIA EXTRAORDINARY PART II—SKC. 3(11)