| Section No | Section Heading | Details |
|---|---|---|
| 1 | Short title, extent and commencement |
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| 2 | Definitions |
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| 3 | Charge of wealth-tax |
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| 4 | Net wealth to include certain assets |
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| 5 | Exemptions in respect of certain assets |
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| 6 | Exclusion of assets and debts outside India |
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| 7 | Value of assets, how to be determined |
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| 8 | Wealth-tax authorities and their jurisdiction |
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| 8A | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 8AA | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 8B | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 9 | Control of wealth-tax authorities |
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| 9A | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 10 | Instructions to subordinate authorities |
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| 10A | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 11 | Jurisdiction of Assessing Officers and power to transfer cases |
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| 11A | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 11AA | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 11B | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987,W.E.F. 1-4-1988] |
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| 12 | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 12A | Appointment of Valuation Officers |
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| 13 | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1988] |
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| 13A | Powers of Director General or Director, Chief Commissioner or Commissioner and Joint Commissioner to make enquiries |
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| 14 | Return of wealth |
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| 15 | Return after due date and amendment of return |
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| 15A | Return by whom to be signed |
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| 15B | Self-assessment |
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| 15C | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1987, W.E.F. 1-4-1989] |
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| 16 | Assessment |
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| 16A | Reference to Valuation Officer |
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| 17 | Wealth escaping assessment |
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| 17A | Time limit for completion of assessment and reassessment |
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| 17B | Interest for defaults in furnishing return of net wealth |
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| 18 | Penalty for failure to furnish returns, to comply with notices and concealment of assets, etc. |
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| 18A | Penalty for failure to answer questions, sign statements, furnish information, allow inspection, etc. |
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| 18B | Power to reduce or waive penalty in certain cases |
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| 18BA | Power of Commissioner to grant immunity from penalty |
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| 18C | Procedure when assessee claims identical question of law is pending before High Court or Supreme Court |
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| 18D | [OMITTED BY THE DIRECT TAX LAWS (AMENDMENT) ACT, 1989, W.E.F. 1-4-1989] |
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| 19 | Tax of deceased person payable by legal representative |
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| 19A | Assessment in the case of executors |
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| 20 | Assessment after partition of a Hindu undivided family |
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| 20A | Assessment after partial partition of a Hindu undivided family |
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| 21 | Assessment when assets are held by courts of wards, administrators-general, etc. |
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| 21A | Assessment in cases of diversion of property, or of income from property, held under trust for public charitable or religious purposes |
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| 21AA | Assessment when assets are held by certain associations of persons |
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| 22 | Assessment of persons residing outside India |
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| 22A | Definitions |
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| 22B | Wealth-tax Settlement Commission |
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| 22BA | Jurisdiction and powers of Settlement Commission |
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| 22BB | Vice-Chairman to act as Chairman or to discharge his functions in certain circumstances |
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| 22BC | Power of Chairman to transfer cases from one Bench to another |
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| 22BD | Decision to be by majority |
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| 22C | Application for settlement of cases |
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| 22D | Procedure on receipt of an application under section 22C |
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| 22DD | Power of Settlement Commission to order provisional attachment to protect revenue |
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| 22E | Power of Settlement Commission to reopen completed proceedings |
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| 22F | Powers and procedure of Settlement Commission |
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| 22G | Inspection, etc., of reports |
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| 22H | Powers of Settlement Commission to grant immunity from prosecution |
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| 22HA | Abatement of the proceeding before Settlement Commission |
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| 22HAA | Credit for tax paid in case of abatement of proceedings |
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| 22I | Order of settlement to be conclusive |
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| 22J | Recovery of sums due under order of settlement |
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| 22K | Bar on subsequent application for settlement |
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| 22L | Proceedings before the Settlement Commission to be judicial proceedings |
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| 22M | [OMITTED BY THE FINANCE ACT, 1987, W.E.F. 1-6-1987] |
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| 23 | Appeal to the Deputy Commissioner (Appeals) from orders of Assessing Officer |
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| 23A | Appealable orders before Commissioner (Appeals) |
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| 24 | Appeal to the Appellate Tribunal from orders of the Deputy Commissioner (Appeals) |
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| 25 | Powers of Commissioner to revise orders of subordinate authorities |
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| 26 | Appeal to the Appellate Tribunal from orders of enhancement by Chief Commissioners or Commissioners |
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| 27 | Reference to High Court |
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| 27A | Appeal to High Court |
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| 28 | Hearing by High Court |
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| 29 | Appeal to Supreme Court |
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| 29A | Tax to be paid notwithstanding reference, etc. |
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| 29B | Definition of High Court |
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| 30 | Notice of demand |
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| 31 | When tax, etc., payable and when assessee deemed in default |
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| 32 | Mode of recovery |
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| 33 | Liability of transferees of properties in certain cases |
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| 34 | [OMITTED BY THE wealth-TAX (AMENDMENT) ACT, 1964, W.E.F. 1-4-1965] |
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| 34A | Refunds |
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| 34AA | Appearance by registered valuers |
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| 34AB | Registration of valuers |
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| 34AC | Restrictions on practice as registered valuer |
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| 34ACC | Furnishing of particulars in certain cases |
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| 34AD | Removal from register of names of valuers and restoration |
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| 34AE | Existing registered valuers to apply afresh |
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| 34B | Transfers to defraud revenue to be void |
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| 34C | Provisional attachment to protect revenue in certain cases |
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| 35 | Rectification of mistakes |
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| 35A | Wilful attempt to evade tax, etc. |
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| 35B | Failure to furnish returns of net wealth |
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| 35C | Failure to produce accounts, records, etc. |
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| 35D | False statement in verification, etc., made under certain provisions of the Act |
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| 35E | False statement in verification mentioned in section 34AB |
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| 35EE | Failure to furnish particulars under section 34ACC |
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| 35EEE | Contravention of order made under second proviso to sub-section (1) or sub-section (3A) of section 37A |
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| 35F | Abetment of false return, etc. |
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| 35G | Punishment for second and subsequent offences |
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| 35GA | Power of Commissioner to grant immunity from prosecution |
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| 35H | Offences by Hindu undivided families |
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| 35HA | Offences by companies |
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| 35I | Prosecutions to be with the previous sanction of certain wealth-tax authorities and their power to compound offences |
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| 35J | Certain offences to be non-cognizable |
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| 35K | Bar on prosecution and on inadmissibility of evidence in certain circumstances |
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| 35L | Jurisdiction of courts |
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| 35M | Section 360 of the Code of Criminal Procedure, 1973, and the Probation of Offenders Act, 1958, not to apply |
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| 35N | Presumption as to books of account, etc., in certain cases |
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| 35O | Presumption as to culpable mental state |
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| 36 | Proof of entries in records or documents |
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| 36A | Power to tender immunity from prosecution |
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| 37 | Power to take evidence on oath, etc. |
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| 37A | Power of search and seizure |
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| 37B | Power to requisition books of account, etc. |
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| 37C | Application of retained assets |
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| 38 | Information, returns and statements |
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| 38A | Powers of Valuation Officer, etc. |
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| 39 | Effect of transfer of authorities on pending proceedings |
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| 40 | Computation of periods of limitation |
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| 41 | Service of notice |
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| 42 | Notice deemed to be valid in certain circumstances |
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| 42A | Publication of information respecting assessees |
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| 42B | Disclosure of information respecting assessees |
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| 42C | Return of wealth, etc., not to be invalid on certain grounds |
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| 42D | Presumption as to assets, books of account, etc. |
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| 43 | Bar of jurisdiction |
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| 44 | Appearance before wealth-tax authorities by authorized representatives |
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| 44A | Agreement for avoidance or relief of double taxation with respect to wealth-tax |
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| 44B | Countries with which no agreement exists |
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| 44C | Rounding off of net wealth |
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| 44D | Rounding off of tax, etc. |
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| 45 | Act not to apply in certain cases |
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| 46 | Power to make rules |
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| 46A | Power to make exemption, etc., in relation to certain Union Territories |
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| 47 | Power to remove difficulties |
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| SCHEDULE I | SCHEDULE I : RATES OF WEALTH-TAX |
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| SCHEDULE II | SCHEDULE II : [OMITTED BY THE FINANCE ACT, 1992, W.E.F. 1-4-1993] |
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| SCHEDULE III | SCHEDULE III : RULES FOR DETERMINING THE VALUE OF ASSETS |
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| ANNEX | ANNEX : [omitted by the finance act, 1992, w.e.f. 1-4-1993] |
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| APPENDIX | APPENDIX : certain remaining provisions of allied acts referred to in wealth-tax act |
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