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  2. Wealth Tax Act, 1957 - Wikipedia

    en.wikipedia.org/wiki/Wealth_Tax_Act,_1957

    The Wealth Tax Act, 1957 was an Act of the Parliament of India that provides for the levying of wealth tax on an individual, Hindu Undivided Family or company. The wealth tax was levied on the net wealth owned by a person on a valuation date, i.e., 31 March of every year.

  3. List of acts of the Parliament of India - Wikipedia

    en.wikipedia.org/wiki/List_of_acts_of_the...

    Railway Protection Force Act: 1957: 23 Wealth-Tax Act: 1957: 27 Inter-State Corporation Act: 1957: 38 Naga Hills-Tuensang Area Act: 1957: 42 Public Employment (Requirement as to Residence) Act: 1957: 44 Cantonments (Extension of Rent Control Laws) Act: 1957: 46 Delhi Development Act: 1957: 61 Navy Act: 1957: 62 Delhi Municipal Corporation Act ...

  4. Taxation in India - Wikipedia

    en.wikipedia.org/wiki/Taxation_in_India

    India has abolished multiple taxes with passage of time and imposed new ones. A few of these taxes include inheritance tax, [5] interest tax, gift tax, wealth tax, etc. Wealth Tax Act, 1957 was repealed in the year 2015. [6] Direct Taxes in India were governed by two major legislations, Income Tax Act, 1961 and Wealth Tax Act, 1957.

  5. Income tax in India - Wikipedia

    en.wikipedia.org/wiki/Income_tax_in_India

    The act, which became effective on 1 April 1962, replaced the Indian Income Tax Act, 1922. Current income-tax law is governed by the 1961 act, which has 298 sections and four schedules. [9] The Direct Taxes Code Bill was sponsored in Parliament on 30 August 2010 by the finance minister to replace the Income Tax Act, 1961 and the Wealth Tax Act ...

  6. Voluntary Disclosure of Income Scheme - Wikipedia

    en.wikipedia.org/wiki/Voluntary_Disclosure_of...

    VDIS granted income-tax defaulters indefinite immunity from prosecution under the Foreign Exchange Regulation Act, 1973, the Income Tax Act, 1961, the Wealth Tax Act, 1957, and the Companies Act, 1956 in exchange for self-valuation and disclosure of income and assets. [1]

  7. Wealth tax - Wikipedia

    en.wikipedia.org/wiki/Wealth_tax

    A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value of personal assets, including cash, bank deposits, real estate, assets in insurance and pension plans, ownership of unincorporated businesses , financial securities , and personal trusts (a ...

  8. Category:Acts of the Parliament of India 1957 - Wikipedia

    en.wikipedia.org/wiki/Category:Acts_of_the...

    This is a category of articles concerning acts of Parliament (laws enacted by the Parliament of India in 1957). For more general discussion of Indian legal topics, see Category:Law of India and its other subcategories.

  9. The Income-tax Act, 1961 - Wikipedia

    en.wikipedia.org/wiki/The_Income-tax_Act,_1961

    Income Tax Department. The Income-tax Act, 1961 is the charging statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. The Government of India brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill ...