REGISTERED No. D. (D.N.)-72
The Gazette of India
EXTRAORDINARY
PART II—Section 3—Sub-section (i)
PUBLISHED BY AUTHORITY
No. 107] NEW DELHI, MONDAY, MARCH 12, 1984/PHALGUNA 22, 1905
Separate paging is given to this Part in order that it may be filed as a separate
compilation
1547GI/83
(1)
2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART I J ^ S E C. "5W]3
4 THE GAZETTE OF INDIA : EXTRAORDINARY [PART II—SEC. 3(ii)j-CENTRAL BOARD OF DIRECT TAXES
NOTIFICATION
New Delhi, the 12th March, 1984.
WEALTH-TAX
S.O. 15S(E) :—In exercise of the powers conferred by section 46 of the Woalth-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 th" Wealth-tax (Amend- ment) Rules, 1984.
i
(2) They shall come into force on the 1st "day of April
1984.
2. Tu the Wealth-tux Rules, 1957,—
(i) in Form A, in Annexuro II, in the first Note, in clause (iv), after the words and figures "the assessment ye?r 1983-84", the words "for any subsequent assessment year" shall be inserted;
(ii) for Form B, the following Form shall bo substituted,
namely:—
"Form B (W.T.S. 1A) " "' FORM OF RETURN OF NET WEALTH UNDER SUB- SECTION (1) OR SUB-SECTION (2) OF SECTION 14 OF Wealth-tax Act, 1957 Rule 3(t)(b) THE WEALTH-TAX ACT. 1957
Assessment year :
Valuation date :
Permanent Account Number :
(Fiitir Caniiales* only)
For use in W.T. office.
>
j
Name in (Block Letters) r— — — „ _ _ -_ __
Address • • • • — —- ————— • •• •——
Telephone— —
: _ _~
Place at which the registered office of the company is situated— . —_ ——_—.—. . .-... „_
Whether the company (s resident in India or non-resident in India—• • —
STATEMENT OF ASSETS AND DEBTS REFERRED TO IN SUB-SECTIONS (2) AND (3) OF SECTION 40 OF THE FINANCE ACT, 1983 (11 of 1983), AS ON
THE VALUATION DATE
PART J
Net value of assets located in India
Particulars Value
Rs.
(1) — — - -- — ( 2) —
SECTION A— IMMOVABLE PROPERTY—
As per Annexurc 1 —• • • — •—
SECTION B — MOVABLE PROPERTY —
As per Annexurc II
SECTION C — WEALTH IN INDIA —
Total of Sections A & B -••- ——
•Not to be rilled in if the company is a company in which the public me substantially Interested.
PART II
Net value of assets located outside India
Particulars Value
Rs.
„ —_ _
^
SECTION D — IMMOVABLE PROPERTY
—As per Annexute III — •
SECTION E — MOVABLE PROPERTY
—As per Annexure IV
SBCTION V - WEALTH OUTSIDE INDIA
—-Totui of Sections D & E •
PART III
COMPUTATION OF NET WEALTH
Particulars Value
Rs.
(1) ~~ (2) ~
SECTION G —NET WEALTH :
1. Wealth in India on which tax is payable—As per Section C of Part I
2. Wealth outside India on which tax is payable—As per Section F of Part II Total
3. NET WEALTH: Total of
items (1) and (2) as rounded oft" to the nearest multiple of one hundred rupees— Section 44C.
PART IV
Assets not included in net wealth and claimed to be exempt. [Note :—The filling up of this Part is optional, in this Part may be shown any assets which are" not in- cluded in Parts I and II or the Annexures referred to therein, but which the company claims to be not taxable for any reason,]
S. Description of the Reason why exemption is No. asset claimed
6 THE GAZETTE OF INDIA : EXTRAORDINARY [PART It— Stec. 3(i*}JPART V
Statement 01 tax paid on self-assessment
(Sec Note)
Date of Payment Amount
Rs, are truly stated and relate to the valuation date relevant to the assessment year commencing on the 1st day of April, 19..,
1 further solemnly declare that the said company had no other asset belonging to it which is required to be taken into consideration in Computing its net wealth on the said valuation date.
0) "~~ " (2) •
Note :—If any tax is payable on tho basis of this return, after taking into account the amount of tax, if any, already paid under any provision of the Wealth-tax Act, 1957, such tax must be paid be- fore furnishing this return and tho return should be accompanied by proof of such payment- section 15B.
VERIFICATION
I,
• son/daughter/wife
(Name in block letters)
of Shri
.being the
of (Designation) (Name of the company) solemnly declare that to tho best of my knowledge and belief, thei information given in this return, and the Annexurcs and Statements accompanying it, is correct and complete, and that tho amount of net wealth and other particulars shown I further delcare that 1 am making this return in my
capacity as of
(Designation) (Name of the company) and that I am competent to mako this return and verify it on behalf of the company.
Date :
Signature
Place
IMPORTANT : Before signing the verification, the signatory should satisfy himself that this return is correct and com- plete in every respect. Any person making a false statement in this return shall be liable to prosecution under section 35D of tho Wealth-tax Act, 1957, and on conviction be punishable,—
(i) in a case where the tax sought to be evaded exceeds one lakh rupees, with rigorous imprisonment for a term which shall not be loss than six months but which may extend to seven years and with fine;
(ii) in any other case, with rigorous imprisonment fcr a term which shall not be less than three months but which may extend to three years and with fine.
•Strike out whichever is not applicable.
ANNEXUREI
(See Section A of Part I of this return)
Statement of immovable assets and debts located in India as referred to in sub-section (2) and clauses (v), (vi) and
(vilt) of sub-section (3) of section 40 of the Finance Act, 1983 (I I of 1983)
(See Notes)
Description and
Identification No. of property
situation
Land Revenue/
municipal-tax
SI. No.
3
4 2
1
Total of Column 7 taken to Section A of Part I of this return Rs '.
Debt secured on, or incurred in relation to, the property
Value on valuation date (Rs.)
Net value (Rs.) (Column 5 minus Column 6)
5
6
7
NOTE 1 : Each item of immovable property should be listed separately. The description and situation of prcpcriy should be
such as to enable the properly and its boundaries to be clearly identified.
NOTE 3 : Land revenue/municipal tax and value in respect of property and debt secured on or incurred in relation to that property should bs ;lvwn separately in respect of each item of immovable property. If a debt secured on any nsset belonging to the messee U incurred for, or enures to, the benefit of any other person, or ii not represented by any asset belonging to the assesses, the value, of such debt should not be taken into account in computing the net value of the property.
7
ANNEXURE II
(Sec Section B of,Part I of this return)
Statement of movable assets und debts located in India as referred to in sub-section (2) and clauses (i) to (iv), (vii) and
(viii) of sub-section (3) of section 40 of the Finance Act, 1983 (11 of 1983)
(See Notes)
Valu; of valuation date
Description of assets
Net value (Rs.) (Column 3 minus column 4)
Debt, secured on, or incurred in relation to, the asset
(Rs.)
SI.' No.
4
5
3
1
2
Total of column 5 taken to Section B of Part I of this return.
Rs, :
NOTE 1 :— Each movable asset should be listed separately.
NOTE 2 :— V.ilm of an asset and debt secured on or incurred in relation to that asset, should be shown separately in respect of itich rmvaolc assrt, If n debt sxurcd on any asset belonging to the asscsseo is incurred for, or enures to, the benefit of any other pj'rjon, or is rvH represented by any asset belonging to the assesses, the value of such debt should not be taken into account in computing the net value of the asset.
ANNEXURE III
(See Section D of Part II of this return)
SutcrtUit of immovable usssts and debts located outside India as referred to in sub-section (2) and clauses (v), (vi) &
(viii) of sub-section (3) of section 40 of ihc Finance Act, 1983 (11 of 1983)
(See Notes)*
Identification No. of
s. Description and situation
Land revenue/
municipal-tax
property
No.
Value on valuation date (Rs.)
Net value (Rs.) (Column 5 minus column 6)
Debt secured on, or incurred in relation to, Ihe property
2
3
1
4
6
7
5
Total of c iluinn 7,takcn to Section D of Part II of this return.
Rs. :
•Please see Notos below Annexure-1,
8 T HE GAZETTE OF INDIA : EXTRAORD1N AR Y [PART 11—SEC. 3(101ANNEXUREIV
(See Section E of Part IT of this return)
Statement of movable assets and debts located outside India as referred to in sub-section {2) and clauses (i) to (iv), (vii) find (viii) of sub-section (3) of section 40 of the Finance Act, 1983 (11 of J983)
(Seo Notes)*
lascription of assets
Value on valuation date
Net value (Rs.) (Column 3 minus s. c
column 4)
Debts secured on or incurred in relation to, the asset
(Rs.)
No.
5
3
4
1
2
Total of column 5 taken to Soction R of Part II of this return.
Rs. :
. —_ _„—_,—.
,
* Please sec Notes below Anaexure-Il"
iNo. 57J3(F. No. 142(42)/83-TPL)]
B. MJSHRA, Secretary Central Board of Direct Taxes.
Mote—Principal rules wore published under Notification No. S.R.O. 3384 dated 18-10-1957 and subsequently amended by S.O. No. 271 dated 27-1-1961, 798 dated 30-44963, 1473 dated 28-9-1964, 2064 dated 4-6-1968, 2432 dated 2-7-1968, 1026 dated 10-3-1970, :88I dated 1-9-1970, 2882 dated 1-19-1970, 999 dated 26-2-1971, 165 dated 25-2-1972, 437 dated 21-6-1972, 707 dated 15-11-1972, 154 dated 17-3-1973, J87 dated 31-3-1973, 327 dated 4-6-1973, 21 dated 4-1-1974, 599 dated 8-10-1974, 726 dated 19-12-1974, 739 dated 30-12-1974, 559 dated 30-9-1975, 147 dated 1-3-1976, 267 dated 31-3-1976, 702 dated 3-11-1976, 732 dated 15-11-1976,16 dated 12-1-1977, 166 d i t -i 15-2-1977, 721 dated 14-10-1977, 434 dated 7-7-1978, 554 dated 11-9-1978,169 dated 30-3-1979, 610 dated 29-10-1979, 41 dated 19-1-193), 75 Ut;i 23-1-193), 119 dated 21-1-1981, 397 dated 3Q-5-1981, 493 dated 19-6,-1981, 130(E1 dated 22-2-19R3 and 273(E) dated 31-3-1983,