Indian Bare Acts

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THE TAXATION LAWS (AMENDMENT) ACT, 2003

Title : THE TAXATION LAWS (AMENDMENT) ACT, 2003

Year : 2003



In section 17B of the Wealth-tax Act, 1957 (27 of 1957) (hereafter in this Chapter referred to as the Wealth tax Act), in sub-sections (1) and (3), for the words "one and one fourth per cent.", the words "one per cent." shall be substituted.

In section 31 of the Wealth-tax Act, in sub-section (2),-

(a) For the words "one and one-fourth per cent.", the words "one per cent." shall be substituted;

(b) In the second proviso, for the words "one and one-fourth per cent.", the words "one per cent." shall be substituted.

In section 34A of the Wealth-tax Act,-

(a) In sub-section (3), for the words "eight per cent.", the words "six per cent." shall be substituted;

(b) In sub-section (4B), in clause (a), for the words "two-third per cent.", the words "one-half per cent." shall be substituted.

Last updated on April, 2016

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