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About: Wealth Tax Act, 1957     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:WikicatActsOfTheParliamentOfIndia, within Data Space : dbpedia.org associated with source document(s)

Type: yago:Abstraction100002137yago:Act106532095yago:CivilLaw108453464yago:Collection107951464yago:Communication100033020yago:Document106470073yago:Group100031264yago:Law108441203yago:LegalDocument106479665yago:Legislation106535222yago:Writing106362953yago:WrittenCommunication106349220yago:WikicatActsOfTheParliamentOfIndia New Facet based on Instances of this Class

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. The Act applies to the whole of India. The application of the Act has been discontinued since 1 April 2016.