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