256

THE GAZETTE OF INDIA : EXTRAORDINARY

[PART II—SEC. 3(ii>]

MINISTRY OF FINANCE

(Central Board of Direct Taxes)

NOTIFICATION

New Delhi, the 20th February, 1981

WEALTH-TAX

S.O. 119(E).—In exercise of the powers conferred by sec-

tion 46 of the Wealth-tax Act. 1957 (27 of 1957), the Central

Board of Direct Taxes hereby makes the following

rules

further to amend the Wealth-tax Rules, 1957, namely :—

1. (1) These rules may be called the Wealth-tax (Amend-

ment) Rules, 1981.

(2) They shall come into force on the 1st day of April,

1981.

2. In the Wealth-tax Rules, 1957, in Form A,—

(a) in Part VI, for item (5), the following item shall

be substituted, namely ;—

"(5) In the case of Hindu undivided family,—

(i) whether the Hindu undivided family has at least

one member whose net wealth assessable for

the assessment year exceeds Rs, 1:50 lakhs '?

If the reply to this question is in the negative,

please attach declaration to this effect from

all members of the Hindu undivided family ;

(ii) whether a partial partition has taken place after

31st December, 1978 among the members of

the Hindu undivided family ? If the reply to

this question is in the affirmative, please attach

particulars of the partial partition and

the

properties divided." ;

(b) in Annexure I, in the heading, after the words "agri-

cultural lands", the words "comprised in any tea,

coffee, rubber or cardamom plantation" shall

inserted ;

(i) in the heading, after the words "agricultural

lands", the words "comprised in any tea, coffee,

rubber or cardamom

plantation

shall

inserted ;

(ii) In the first note after the words "in the state-

ment" the words and figures "and where the

return relates to the assessment year 1980-81

or any earlier assessment year, details of all

agricultral lands Including those comprised in

tea, coffee, rubber or candamom plantation

should be shown in the statement" shall be

inserted ;

(d) in Annexure VI,—

(i) in item 7, the word*, brackets and figures "and

compulsory deposits made under the Compulsory

Deposit Scheme (income tax Payers) Act, 1974"

shall be inserted at the end ;

(ii) in item 8, after the words "financial corporations",

the words "and

public companies" shall

inserted.

[No. 3875 F. No. 142(17)/80-TPLI

S. N. SHENDE, Secy.

Central Board of Direct Taxes

PRINTED BY THE MANAGER, GOVT. OF INMA PRESS, RING ROAD, NEW DELHI-110064

AND PUBLISHED BY THE CONTROLLER OF PUBLICATIONS, DELHI-110054,

1981